NAV Consulting Selected for Mandate by Altis Partners
Oak Brook, Illinois (PRWEB) July 31, 2013 -- NAV Consulting has been selected by Altis Partners (Jersey) Ltd. to provide valuation, reconciliation, and other middle office functions for their flagship hedge fund and other accounts. Altis (Jersey, the Channel Islands) has been managing client assets since 2001, and has an enviable 12 year track record with over US $830 million in assets under management.
NAV Consulting will perform trade reconciliations, account statement generation, and portfolio reporting for Altis on a daily, weekly and monthly basis. Among other functions, NAV’s systems will populate data used for customer performance reporting and be used to calculate trading levels for customers with notional trading accounts.
Altis Partners (Jersey) Ltd. is a leading hedge fund which uses a proprietary trading system to deliver outstanding returns. Their portfolio trades a diverse range of futures markets based on sophisticated forecasting and robust risk management techniques, with the result of identifying opportunities and delivering strong performance in a variety of changing market conditions and environments.
NAV Consulting’s proprietary accounting platform was seen as a key advantage in securing this mandate and is the product of over 20 years of cutting-edge technological innovation. NAV’s dedicated in-house team of over 50 IT and Network personnel create a systems architecture which provides extensive flexibility and a robust infrastructure to meet the unique needs of increasingly complex clients.
“NAV Consulting came recommended by a number of our investors, and performed very well in our extensive due diligence exercise. We believe they will provide an institutional-quality service to us and our client base.” said Tom O’Connor, COO of Altis.
“NAV Consulting welcomes this opportunity to deliver middle-office reconciliation and reporting functions. We are confident that our team will make it possible for Altis to focus even more on their core competency of successful trading strategies,” said Nav Gupta, CEO of NAV Consulting.
NAV today serves over 350 Investment Managers around the world and over 700 funds which have combined assets under administration of over US$ 40 billion. NAV is ranked as one of the 15 largest hedge Fund Administrators globally among single manager hedge funds.
More information about NAV is available on the firm’s website at http://www.navconsulting.net.
More information about Altis can be found at http://www.altispartners.com .
Prem Jacob, NAV Consulting, Inc., http://www.navconsulting.net, (630) 954-1919 137, [email protected]
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