OAKBROOK TERRACE, Ill., Nov. 11, 2020 /PRNewswire-PRWeb/ -- NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was the recent recipient of two industry awards – one recognizing overall fund administration excellence and the second specifically citing its superior Middle Office capabilities.
"As a team, we were committed to ensuring that our services, technology, and client support remained at their highest levels in 2020," said NAV Senior Vice President Samuel Crispino. "Recognition from our peers signifies achievement of that goal. We are particularly proud of our team considering that we raised the bar and implemented accelerated data delivery cycles, plus added more than 180 clients and 200 team members, all while maintaining an entirely remote, seamless operation. It's been a challenging yet professionally satisfying year, and we look forward to continue building on that success in 2021."
HFM European Quant Services Awards: Best Administrator
Presented virtually at the HFM European Quant Summit 2020 in mid-October, this award recognizes fund service providers that have "separated themselves from their competitors." The HFM European Quant Services Awards acknowledged the disruption and uncertainty 2020 presented and stated "the need for service providers to demonstrate exceptional client service and innovation was more important than ever before."
NAV was named Best Administrator by a judging panel of leading executives of CTA managed futures and quant hedge funds from among a category shortlist of six other competing firms, including BNY Mellon, Northern Trust, Citco International Support Services, and SS&C Technologies.
Hedgeweek: Best Administrator – Middle Office Services
Representing "the best of the best in the U.S. hedge fund industry," winners of the Hedgeweek U.S. Awards 2020 were selected in conjunction with Bloomberg. NAV was announced as the winner of the Best Administrator - Middle Office Services category via a virtual awards networking ceremony on October 29.
Bloomberg provided performance data on which nominations and nominee shortlists were based, which were then voted on by the industry. Per Hedgeweek, the unique two-tier award structure means that "winning a Hedgeweek award constitutes a vote of recognition from your peers and a significant mark of achievement, particularly so in this extraordinary year."
In addition to the most recent recognition, NAV earned several industry awards earlier in 2020, including:
- Top Global Hedge Fund Administrator: HFM Insights 2020 Service Provider Rankings and Ratings
- Best Fund Administrator – Middle Office Services: HFM U.S. Services Awards 2020
- Best Fund Administrator – Private Credit: Alt Credit Fund Intelligence 2020 U.S. Services Awards
About NAV Fund Administration Group
Founded in 1991, NAV is a privately-owned fund administrator recognized for its innovative and cost-effective fund administration solutions. A dynamic team of more than 900 professionals provide services to 1,000+ Hedge Fund, Private Equity & Real Estate Funds, CTA, and Managed Account clients across the globe while maintaining a 99% client retention rate. The company is headquartered in the United States, with three facilities in India supporting Back Office and Middle Office services, and locations in Singapore and the Cayman Islands. NAV ranks among the top 10 global hedge fund administrators by number of funds, and services more than $100 billion AUA. All operations are ISAE 3402 Type 2 certified.
About HFM
HFM supplies the intelligence hedge fund professionals need to raise assets, allocate funds, source new business opportunities and understand the market. HFM is part of Pageant, a global business intelligence provider servicing the asset management industry — from hedge funds and mutual funds to private equity, real estate and credit/debt.
About Hedgeweek
Launched in 2002, Hedgeweek covers hedge fund industry news for investors and fund managers. It provides news, features, research, awards and events for the global hedge fund industry.
Media Contact
Vicki Hunckler, NAV Fund Administration Group, (630) 954-1919, [email protected]
SOURCE NAV Fund Administration Group
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