NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was announced as Best Fund Administrator – Digital Assets at the Hedgeweek US Services Awards in New York City on October 27. The firm also won Best Fund Administrator honors at both the Hedgeweek US and EU Digital Assets Awards earlier this year.
OAKBROOK TERRACE, Ill., Oct. 28, 2022 /PRNewswire-PRWeb/ -- NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was announced as Best Fund Administrator – Digital Assets at the Hedgeweek US Services Awards in New York City on October 27. The firm also won Best Fund Administrator honors at both the Hedgeweek US and EU Digital Assets Awards earlier this year.
"NAV was one of the first administrators to work with crypto clients in the early days and we continue to develop solutions that address the unique requirements crypto fund managers and their investors require," said NAV VP – Accounting & Digital Rajat Jain. "Our services are well-honed at this point – offering accuracy, quick reporting, responsiveness, expertise with crypto, and institutional appeal – a 'full package' of services attractive to crypto fund managers."
More than 500 fund managers and other key industry participants were surveyed to compile a nominee shortlist, followed by an online poll of the entire Hedgeweek userbase to determine the winner.
"One of the key differentiating factors for NAV is our proprietary technology. We made numerous upgrades to our systems in 2021, many of which automated crypto admin functions that many other administrators handle manually – enabling us to deliver more accurate reporting much faster," said NAV Assistant Vice President Sumit Sharma. "We offer high-value fund administration services with a very economical fee structure. With both traditional and DeFi markets recently taking a significant dip, cost-effective services are critical to overall fund profitability." CLICK HERE for more info about NAV Cryptocurrency Services.
Beyond crypto fund support, NAV has offered fund administration services across all alternative asset fund types and strategies for more than 30 years. The latest award marks NAV's sixth "Best Administrator" award in 2022 -– including Best Fund Administrator – Technology at the With Intelligence HFM US Services Awards; Best Fund Administrator for Small/Start-Up Funds at the Fund Intelligence Operations & Services Awards; and Best Fund Administrator at the HFM US Quant Services Awards – in addition to the previously cited Hedgeweek Best Fund Administrator honors at the US and EU Digital Assets Awards.
About NAV Fund Administration Group
Founded in 1991, NAV is a privately owned fund administrator recognized for its innovative and cost-effective technology and service solutions. A dynamic team of more than 2,250 professionals provide services to 2,000+ funds across the globe -- including hedge fund, private equity fund, and cryptocurrency fund clients -- while maintaining a 99% client retention rate. The company is headquartered in the United States, with four facilities in India supporting Back Office and Middle Office services, and locations in Australia, the Cayman Islands, Mauritius, and Singapore with additional jurisdictional services worldwide. NAV ranks among the top global administrators by number of funds, servicing more than $180 billion AUA.
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. Hedgeweek is part of Global Fund Media Ltd, which publishes six specialist newswires covering all asset classes within the institutional investor marketplace.
Media Contact
Vicki Hunckler, NAV Fund Administration Group, 16309541919, [email protected]
SOURCE NAV Fund Administration Group
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