Oakbrook Terrace, Ill. (PRWEB) October 10, 2017 -- NAV Fund Administration Group (“NAV”) was recently selected by SandPointe Asset Management, LLC to provide full service fund administration to six SandPointe private funds. With firm assets over $100m, SandPointe chose to move their funds to NAV after learning of their flexible, highly accurate and cost effective fund administration solution.
“We feel like we’ve found a true partner in NAV Fund Administration,” said Jamie Grossman, Director of Investment Operations at SandPointe. “Our transition to their platform was seamless and NAV’s capabilities have opened our eyes to solutions not previously thought possible. Their proprietary system truly gives them an edge over the competition.”
“We feel fortunate to be working with SandPointe,” said Nav Gupta, Chairman and President of NAV Group. “It is an honor to be associated with their team and look forward to continued growth. Our business continues to grow organically and we are again on pace to add more than 90 clients in 2017.”
About NAV Fund Administration Group
NAV Fund Administration Group (“NAV”) is a fund administrator with over 25 years of experience in providing a comprehensive fund service offering including, accounting, reporting, investor servicing, and middle and back-office support to the hedge fund industry. NAV is ranked among the top 10 fund administrators in the world by number of funds. With assets under administration of US$65 billion, NAV employs over 500 people that serve a global client base of over 800 clients. NAV is differentiated in the industry by its independence, proprietary technology and client retention.
About SandPointe Asset Management
SandPointe Asset Management, a West Palm Beach, FL based Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA), takes an innovative approach to avoiding losses and achieving attractive absolute returns through their proprietary Variable Exposure Technologies™. Simply put, SandPointe varies investors’ exposure to markets using their award winning signal based technologies. The firm is headed by investment industry veteran, Dennis Hammond. Before SandPointe, Dennis founded and managed Hammond Associates, the second largest investment consulting firm to Higher Education Endowments and Foundations in the US. Research at SandPointe is overseen by Trishul Patel, formerly of Regent Markets Group, where he traded $750 million notional in FX, commodities, indices, and stocks. SandPointe currently manages $105 million, with another $40 million committed from a large institutional investor. Its current investors include ultra-high net worth individuals, university endowments, funds of funds, international financial institutions, and other institutional investors.
Ashley Starcevich, NAV Fund Administration Group, http://www.navconsulting.net, +1 (630) 954-1919 Ext: 118, [email protected]