WHAT OUR CLIENTS SAY
Our clients are paramount to our success and growth

"Engaging NAV to handle our fund administration is among one of my best operations decisions. The quality of their work is impeccable and customer service requests are always handled in a very timely manner. I consider NAV to be one of my most valuable business partners."

Mark Patton, Patton Fund Management, Inc.


"NAV has been a trusted partner from the beginning. While their technology and timeliness have consistently impressed, it is NAV's personnel which have truly differentiated them. The tone at the top has always been one of integrity and substance, rather than glitz. Our account manager is always available to help and has been patient and professional from the onset. We are glad to have found them."

Steve Rosenberg, Marnell Management


"Alpha Architect has been very pleased with NAV. NAV is knowledgeable in all areas including accounting, tax, and administration. They have also helped with our NFA filings. In our opinion, their services are excellent and we look forward to continuing the great relationship."

Jack Vogel, Alpha Architect


"NAV has been our third-party administrator since 2007. Throughout this time, they have been great to work with--while walking the fine line between being reasonable while making sure we are doing the right thing for our investors. When we put the name NAV in our Private Placement Memorandums, our prospective investors get great comfort from knowing NAV is working for both the General Partner and the investor."

Bob Felsenthal, Warberg Asset Management


"We recently changed our administrator to NAV in January 2015. Since changing administrators to NAV we have been extremely pleased with the quality of service, technology and expertise they provide in the alternatives administration space. They have exceeded our expectations and would recommend NAV to any fund looking for a superior administration partner that can grow with their firm."

Frank Giancarli, Brightlight Capital


"We appreciate NAV's cost-effective flat-fee structure, NAV's automated system which provides very accurate results, and NAV's ability to produce custom reports that help us quickly and effectively monitor our performance."

David Kent, Cecropia Capital


"I have known NAV for over 10 years both as a fund manager as well as a client of some of the funds they administer. I also have experience with many other fund administrators. Unequivocally NAV is by far the best administrator out there in every respect. They are quite reasonably priced. They provide the reports in a very timely manner and their accuracy is unmatched!"

Raj Agarwal, India Deep Value Fund


"NAV is an important partner for BGA. NAV is very timely and accurate with reporting, and they have created a number of different custom reports that help us manage our business. They have also been very helpful with new compliance and regulatory changes. They were very helpful in assuring we complied with the new FATCA regulation. Lastly, their tax team is very efficient and accurate when preparing our annual tax filings and K-1s."

Daniel Burns, Battery Advisors


"Over our period of engagement with NAV, we have found them to be very prompt in their actions, responsive to our needs, and open and available to discuss questions we may have along the way. Their work has been timely and accurate, and we could not be happier with the job that Chris and the team at NAV have performed for us."

Peter Conrad, First Light Asset Management


"We are an emerging fund and selected NAV as our fund administrator because of the flexibility it offers to new managers. Not only did NAV work with us to make our fund administration costs manageable in our first year, but it worked closely with us for several months to help us streamline our fund accounting, reporting, and tax processes. Put simply, NAV provided our emerging fund with a value proposition that is hard to beat."

JP Bourtin, Highcrest Capital LLC


"Bhavana and her team at NAV have been a trusted partner for our limited partnership operations since 2008. Their work product has always been accurate and timely while providing effective reporting for our limited partners' valuation and tax needs. They have also provided valuable support and consultation related to general partner tax and compliance issues."

Mike Morris, Two Fish Management


"I could not be happier with NAV as an administrator for our fund. Their work is timely and accurate and they have the systems and controls in place to let me sleep soundly at night. To top it off, their services are priced competitively such that even small scale emerging managers can provide an institutional quality product to investors."

Michael J. Lee, Hypotenuse Capital Management


"NAV is the major reason we have been able to operate a small fund without much overhead. We continue to get compliments on our "Back Office", which is really NAV. Annual audits are a breeze! Regulatory audits are not too bad either."

Jamie Ward, Liberty Heritage Group, LLC


"We have been very happy with NAV, who has been our Fund Administrator since our inception. NAV provides us with institutional level fund administration services at a very competitive price. We are very happy we selected NAV and look forward to working with them for many years to come."

Jeremy Kahan, North Peak Capital


"We have used NAV for many years now and have been very pleased with the customer service level. The team at NAV is very helpful and their turnaround time is prompt."

Cathy Davis, Fox River Partners


"I have worked with NAV for 20+ years and seen them grow exponentially during this time. What has remained constant is the value and service they provide. I recommend them without any hesitation."

Hemal Gala, Pulse Capital Partners LLC


"NAV is a quality / economical third party solution for calculating Managed Futures performance, generating incentive fee invoices and delivering electronic summaries directly to clients."

Brad Allanson, PI Financial


“We have been a client of NAV since 2011. We find their work to be of the highest quality, accurate, and delivered on a timely basis. Their staff is knowledgeable and are always willing to take the extra step to assist whenever they are needed. They are experts in the area of fund administration services and related matters. The principals are easy to work with and understanding of the challenges of our business. The organization has remained consistent and steady throughout the years. I would recommend them highly.”

Alex Hyman, Hyman, Beck and Company


"NAV has a stellar reputation and provides excellent value. NAV has shown great adaptability in providing performance compilation services for our growing firm, which cannot be said for many accountants. I would highly recommend them."

Ari Siegel, Turning Wheel Capital Inc.


"We greatly appreciate our business relationship with NAV. We have found the team at NAV to be extremely competent attentive to our account. They have provided us with a superior level of service and we consider them to be a true business partner."

Rick Rusin, AlphaTerra LLC


"My decision to use NAV was among the top two or three choices I've made since I started my business eighteen years ago. I am certain you will say the same thing if you make the same choice. Thank you, NAV, and a very special thank you to Paul Johnson who worked with me the entire way!"

Paul F. Viguerie, Viguerie Investments


"Dreiss Research Corporation has been a client of NAV for almost 20 years. Throughout that time, the accounting support we have received has been prompt, efficient and accurate. On those occasions when we have asked for changes or advice, the support provided has been both timely and helpful. We recommend NAV highly."

Bill Dreiss, Dreiss Research Corporation


"Having confidence in your performance accounting is critical for a money manager. Fortunately, we are always confident that NAV is on top of ours backed with their thorough knowledge and expertise."

Doug Carper, DEC Capital Inc.


"NAV has been with us since we opened our doors and launched the Fall River Fund. They do all of our trade accounting including the fund. But more importantly, NAV has become an integral member of our management team, and has become the financial department for our firm. We have high regard for the quality and timeliness of their work, and the invaluable insight and knowledge they have about our industry."

Doug Wambach, Fall River Capital


"NAV has been a trusted business partner to PPB over the years. NAV supports our business with not only fund administration and tax preparation services, but they also provide invaluable market knowledge around compliance and international fund operations."

Adam Stern, PPB


"I am meticulous about double-checking NAV's work product against my own calculations and against what I think makes sense. Over the years I have probably asked them questions about this number or that close to 200 times. Their answers are unfailingly good; I have yet to catch them making an error."

Robert Niewijk, Katana Capital LLC


"We’ve all had mixed experiences with outsourcing, but NAV consistently gets it right. Work product is highly comparable to administrators charging much more. They don’t ask irrelevant questions, and always communicate clearly. Very impressive work at an unbeatable cost structure."

James Mannix, Perceptive


"It has been our pleasure to work with NAV for more than a decade. As the administrator for our fund, NAV excels in professionalism, responsiveness and attention to detail. Their consistency, skill and knowledge have been a great benefit to our firm. We wish them continued success and expect to be working with them for many years to come."

James McNamara, Harrison Street


"My name is Fang Li and I run Baleen Capital, a hybrid investment fund with both public and private investments. I have used NAV for my administration needs since I launched in 2012. They provide excellent service, the team there is responsive, and most important they know what they are doing. Whenever there has been a discrepancy between their numbers and mine, NAV has been right. I am incredibly pleased with my choice to go with NAV and would highly recommend them to you."

Fang Li, Baleen Fund


"Since moving to NAV as my Fund Administrator I have been completely satisfied with their work and their attention to detail. They are an outstanding group of people, and they offer a great value proposition in terms of work performed for a fair price. I could not be happier with my choice to go with NAV. I cannot imagine that there is a better group to perform these services at this price. I would highly recommend them to any investment Fund that is looking for a full service administrator."

Lawrence Lepard, Equity Management Associates, LLC


"Our firm has been with NAV since inception, and sees them more as a partner than a service provider. As our firm has evolved, NAV has adapted to our various needs thanks to their knowledgeable team members and adaptive technology. In our opinion, their complete fund administration services are above standard and we look forward to continuing the great relationship. Separately, we have been very pleased to hear about their continued growth."

Lionel Tapiero, Logica Funds


"I have been a privileged client of NAV for nearly nine years. As my firm has grown and changed they have been supportive, knowledgeable and professional in every way."

Jeffrey Pavlik, Pavlik Capital


"We have been with NAV right from the Day 1 of our fund. We find them extremely responsive and accurate. They also effectively coordinate with our banks, brokers and custodians, which happen to be located across different continents. Our clients have also come to trust on NAV's reporting. This greatly helps us with our client relationships. We are very pleased with the service level and look forward to a long and growing relationship."

Rahul Bhatia, Willow Investment Management, LLC


"NAV has been an essential partner for Aesalon. The firm has been instrumental to our success by providing outstanding service to our investors and to the Aesalon Funds. The team at NAV is a pleasure to work with. They made a commitment from the very beginning to really understand our strategies. This dedication enabled NAV to design several custom reports for us that are exceedingly helpful for both managing the portfolio and for communicating with our investors. We are delighted with our relationship with NAV."

Marc Katz, Aesalon Capital Management LLC


"We are very happy with NAV Fund Administration as the third party administrator to the GLL Investors, LLC funds. Having a dedicated hands on administrator that has the ability to customize reporting both internally and externally has helped us reduce the time it takes to get our investors information on their investments. NAV has helped us realize efficiencies across both our back and front offices. The knowledge, experience, and support of the NAV group is an asset to our firm because they allow us to focus on our investor client base without distractions."

Jason Gilboy, GLL Investors LLC


"I am extremely happy with the service I am getting. The daily reconciliation and reporting are seamless. Assistance with data and custom report request is managed promptly."

Ben Vallieres, SDM Commodities


"NAV delivers. Years ago, a major allocator approached me to invest and when I told them I did business with NAV they immediately checked their due diligence box and we moved forward. NAV provides exceptional service at a great rate."

Adam Sarhan, Sophic Associates


"When we chose NAV as our managed account administrator, our decision was based primarily on their futures capabilities and the overall value proposition they offered compared to the rest of the space. Since then, our decision has been validated in that regard and additionally by the personal attention we receive and the timeliness with which we receive it."

Jeffrey Roy, Whitman Asset Management


"We have worked with NAV for over a decade and have been very pleased with their response time, thoroughness and dedication."

Todd Stein, Braeside Capital


"We have been very pleased with the work that NAV has performed for us since over the past three years. As our firm has grown, NAV has seamlessly adapted to our increased operational and regulatory needs through customization of their technological, administration and reporting systems. In our opinion, their fund administration services are excellent and we look forward to continuing this great relationship."

Scott Barnes, Fort LP


"I have worked with NAV for several years, and have recommended them to several of my clients. The level of service that they provide is the best."

Ron Levinson, Drury Capital Management LLC


"NAV has been an important partner for Hatteras Funds for the past 10 years. They provide monthly fund accounting services and performance reporting for our flagship fund of funds vehicle. NAV is very accurate, responsive, and helpful with everything they do for us. They have helped us create custom performance reporting that is an essential part of how we manage and market our fund. They have the systems and personnel to handle complex accounting and reporting issues. Their continued hard work and efforts are essential to our fund management. We look forward to working with the entire team at NAV for many years to come."

Lance Baker, Hatteras Funds


"NAV has provided Beach Capital with independent valuation of all of our funds and managed account including fee calculations since 1999. Since 2003, NAV has also provided detailed daily reporting for the Beach Funds via Beach Capital's website. Additionally, NAV provides excellent advice on an ad hoc basis. The team at NAV is highly professional, effective, and efficient and deal with all requests very promptly. NAV is a valued part of the fund management service of Beach Capital."

James Hosking, Beach Capital Management Ltd


"NAV has been a key service provider for our products for many years. We employ strategies that require the administrator to handle high transaction volume and maintain a very diverse set of securities. NAV has also created innovative technology to deliver customized daily reports to us, allowing us to manage our business more efficiently. NAV continues to be a valuable service provider and extension of our back office operations."

Eric P. Cressman, T2AM LLC


“Switching to NAV as our fund administrator is probably the best decision we have ever made as a start-up investment manager. We converted our 9 month old domestic fund into a master-feeder structure with the help of NAV. The transition is super smooth. NAV is providing us with a top-notch service (accounting/client relations) with a very reasonable price. Commutating with its back office team located in Asia is very easy with no delay. I would recommend NAV to any emerging investment manager who is planning to launch its own fund. The choice is obvious.”

Ti Zhou, Ruyi Capital


“We have been extremely pleased to have NAV as our administrator. Our accounting is always accurate and delivered in a timely manner. The daily reports that are offered through the NAV website provide the transparency that we need to make business decisions. But where NAV really sets itself apart is in regards to customer service and the organization’s willingness to go beyond base expectations. Any time we need help with a special project or report, the NAV team is always responsive and willing to assist. The NAV team has helped us develop several custom reports that are key to managing our business, and the team is currently helping to consolidate all of our historical data into one place. We are grateful to have NAV as a partner.”

Kevin Barb, Whetstone Capital


“NAV has deep bench strength and is very responsive to our requests and our investor's needs.”

Ted Parkhill, Incline Investment Management, LLC


“In the twelve plus years we have worked with NAV they have been a valuable part of our team. They are responsive and responsible and efficient at what they do.”

Carl Baggett, Norcap


“We’ve been satisfied NAV clients for three years and have been quite pleased with the relationship. The NAV team is knowledgeable and quick to respond, and their technology and reporting, while already very good, is always improving (they don’t rest on their laurels!). Very happy to recommend them and have, in fact, done so several times.”

Jonathan R. Saunders, Crawford Fund Management, LLC


“We have been very pleased with the work that NAV has performed for us for almost 15 years. The team is knowledgeable, reliable, prompt and always available. Their fund administration services are excellent and we look forward to continuing the great relationship. They are an invaluable component of our operation.”

Fara Hafter, El Faro Partners, LLC


"NAV has been a refreshing service provider that has continually provided highly quality work. The services provided are handled efficiently and with a forward thinking view, rather than a reactionary attitude. As someone who shares this same philosophy, this is always appreciated."

Andrew Snyder, William Blair


"Huizenga Capital Management has been a client of NAV for over 10 years. We find them to be professional, knowledgeable and responsive. They provide excellent service and an excellent work product. They have very low employee turnover which provides continuity. We are very comfortable recommending their fund administration services."

Cynthia M. Fogg, Huizenga Capital Management


"When performing the reference check portion of our due diligence in considering moving our administration to NAV, we were initially skeptical as the referrals we received were unanimously enthusiastic about them. We are pleased that after working with NAV for more than two years, the praise for their work is well deserved, especially in the areas of trade reconciliation, transfer agency services, ease of new fund set up, customized fee calculations and reporting, client services and audit support."

Karen Kregor, Efficient Capital Management LLC


“For nearly 30 years Chesapeake Capital has enjoyed the opportunity to work with NAV. NAV’s high level of professionalism and reliability has made them an ideal choice for our Fund Administrator as well as providing Chesapeake with superior accounting and investor services. We value the close working relationship we have with NAV.”

Heather Breed, Chesapeake Capital Corporation


"NAV is a superb service organization - one of EMC's best resources! Their accounting skills are impeccable. But that's just the beginning... they are also great thinkers and problem solvers. NAV understands my business and supports it in a meaningful way."

EMC Capital Management, Inc.


"We have been with NAV since the inception of CONGER in 1999. NAV is as invaluable an asset today as it was when we were just getting our feet wet in the Managed Futures industry. Questions are answered almost before they are asked and any problems or issues are resolved expeditiously. We have full confidence and certainty in the accounting services of NAV."

Conger Asset Management, LLC


"NAV came highly recommended by leaders in the industry and NAV has indeed delivered on all fronts at incredibly competitive prices."

Pascal Magnollay, Amberstone Capital Management LLC


"As a client for almost ten years now, Dearborn Capital is continuously impressed with the level of quality accounting services that it receives from NAV. Our reports always completed in good order and on time. And our questions too are always addressed on timely fashion."

Dearborn Capital Management, LLC


"NAV's ability to work with emerging managers is truly exceptional. From our launch four years ago with 10m AUM to our growth to 300m AUM today, NAV has been always been accommodating, attentive and uniquely focused on our needs. Without a doubt, NAV has been instrumental in Centurion's success."

Umran Zia, Centurion Investment Management


As H. L. Mencken once said, "The older I get, the more I admire and crave competence, just simple competence…" With NAV, you will find competence in droves. With decades of both industry and technical experience, you can be confident that NAV will properly guide your fund through startup and into operations. They are both knowledgeable and professional in the services they provide. I would recommend them to any fund in the industry.

David Wesolowicz, Clarke Capital Management, Inc.


“NAV has served as the portfolio accounting administrator for our funds since January 2005. NAV has proven to be a tremendous cost effective addition to our own internal accounting function, providing a solid level of independent financial reporting to our investors. Their high level of accounting skills and attention to detail provide consistent and accurate accounting for our master/feeder structure.”

Xun Lin, DAFNA Capital Management, LLC


“We have been working with NAV for over 10 years and we hope to continue working with them for another 10! They have been a pleasure to work with, I would recommend them to any asset manager or family office looking for excellent service.”

Alex Craig, Tiverton Trading


“NAV was instrumental in helping Gate City Capital Management provide our investors with top-tier services from day one. As an emerging manager, we found NAV to be a great partner in helping to grow our firm and have received numerous compliments from our investors on the professionalism and quality of the work they do.”

Michael Melby, Gate City Capital


“As a new manager, working with NAV has been invaluable to my firm. NAV has been very helpful throughout each step as I moved from starting up my firm to launching the fund to managing the fund. I have found the entire team at NAV to be professional, responsive, and knowledgeable.”

Dan Steefel, Steefel Capital Management


"NAV has been the administrator for our liquid and illiquid strategies since 2009. All fund administration services provided without exception have always been impeccable - and cost efficient. I would recommend NAV without hesitation to mature firms and startups."

Karim Awad, EDGEMORE CAPITAL


"NAV has been our Fund's external accountant for over 20 years. Throughout this time they have delivered excellent support with responsive, timely and accurate services. We especially appreciate their high touch, dedicated professionalism and ability to customize solutions for our firm. As our business has grown and evolved in complexity NAV has always been ahead of the curve providing answers and advice. In terms of costs, NAV fees have always been fair, in terms of quality NAV is superior. NAV is an outstanding service provider that we would recommend without reservation."

Sean Doyle, Doyle Fund Management.



"Engaging NAV to handle our fund administration is among one of my best operations decisions. The quality of their work is impeccable and customer service requests are always handled in a very timely manner. I consider NAV to be one of my most valuable business partners."

Mark Patton, Patton Fund Management, Inc.


"NAV has been a trusted partner from the beginning. While their technology and timeliness have consistently impressed, it is NAV's personnel which have truly differentiated them. The tone at the top has always been one of integrity and substance, rather than glitz. Our account manager is always available to help and has been patient and professional from the onset. We are glad to have found them."

Steve Rosenberg, Marnell Management


"Alpha Architect has been very pleased with NAV. NAV is knowledgeable in all areas including accounting, tax, and administration. They have also helped with our NFA filings. In our opinion, their services are excellent and we look forward to continuing the great relationship."

Jack Vogel, Alpha Architect


"NAV has been our third-party administrator since 2007. Throughout this time, they have been great to work with--while walking the fine line between being reasonable while making sure we are doing the right thing for our investors. When we put the name NAV in our Private Placement Memorandums, our prospective investors get great comfort from knowing NAV is working for both the General Partner and the investor."

Bob Felsenthal, Warberg Asset Management


"We recently changed our administrator to NAV in January 2015. Since changing administrators to NAV we have been extremely pleased with the quality of service, technology and expertise they provide in the alternatives administration space. They have exceeded our expectations and would recommend NAV to any fund looking for a superior administration partner that can grow with their firm."

Frank Giancarli, Brightlight Capital


"We appreciate NAV's cost-effective flat-fee structure, NAV's automated system which provides very accurate results, and NAV's ability to produce custom reports that help us quickly and effectively monitor our performance."

David Kent, Cecropia Capital


"I have known NAV for over 10 years both as a fund manager as well as a client of some of the funds they administer. I also have experience with many other fund administrators. Unequivocally NAV is by far the best administrator out there in every respect. They are quite reasonably priced. They provide the reports in a very timely manner and their accuracy is unmatched!"

Raj Agarwal, India Deep Value Fund


"Over our period of engagement with NAV, we have found them to be very prompt in their actions, responsive to our needs, and open and available to discuss questions we may have along the way. Their work has been timely and accurate, and we could not be happier with the job that Chris and the team at NAV have performed for us."

Peter Conrad, First Light Asset Management


"We are an emerging fund and selected NAV as our fund administrator because of the flexibility it offers to new managers. Not only did NAV work with us to make our fund administration costs manageable in our first year, but it worked closely with us for several months to help us streamline our fund accounting, reporting, and tax processes. Put simply, NAV provided our emerging fund with a value proposition that is hard to beat."

JP Bourtin, Highcrest Capital LLC


"Bhavana and her team at NAV have been a trusted partner for our limited partnership operations since 2008. Their work product has always been accurate and timely while providing effective reporting for our limited partners' valuation and tax needs. They have also provided valuable support and consultation related to general partner tax and compliance issues."

Mike Morris, Two Fish Management


"I could not be happier with NAV as an administrator for our fund. Their work is timely and accurate and they have the systems and controls in place to let me sleep soundly at night. To top it off, their services are priced competitively such that even small scale emerging managers can provide an institutional quality product to investors."

Michael J. Lee, Hypotenuse Capital Management


"NAV is the major reason we have been able to operate a small fund without much overhead. We continue to get compliments on our "Back Office", which is really NAV. Annual audits are a breeze! Regulatory audits are not too bad either."

Jamie Ward, Liberty Heritage Group, LLC


"We have been very happy with NAV, who has been our Fund Administrator since our inception. NAV provides us with institutional level fund administration services at a very competitive price. We are very happy we selected NAV and look forward to working with them for many years to come."

Jeremy Kahan, North Peak Capital


"We have used NAV for many years now and have been very pleased with the customer service level. The team at NAV is very helpful and their turnaround time is prompt."

Cathy Davis, Fox River Partners


"I have worked with NAV for 20+ years and seen them grow exponentially during this time. What has remained constant is the value and service they provide. I recommend them without any hesitation."

Hemal Gala, Pulse Capital Partners LLC


"NAV is a quality / economical third party solution for calculating Managed Futures performance, generating incentive fee invoices and delivering electronic summaries directly to clients."

Brad Allanson, PI Financial


“We have been a client of NAV since 2011. We find their work to be of the highest quality, accurate, and delivered on a timely basis. Their staff is knowledgeable and are always willing to take the extra step to assist whenever they are needed. They are experts in the area of fund administration services and related matters. The principals are easy to work with and understanding of the challenges of our business. The organization has remained consistent and steady throughout the years. I would recommend them highly.”

Alex Hyman, Hyman, Beck and Company


"NAV has a stellar reputation and provides excellent value. NAV has shown great adaptability in providing performance compilation services for our growing firm, which cannot be said for many accountants. I would highly recommend them."

Ari Siegel, Turning Wheel Capital Inc.


"My decision to use NAV was among the top two or three choices I've made since I started my business eighteen years ago. I am certain you will say the same thing if you make the same choice. Thank you, NAV, and a very special thank you to Paul Johnson who worked with me the entire way!"

Paul F. Viguerie, Viguerie Investments


"Dreiss Research Corporation has been a client of NAV for almost 20 years. Throughout that time, the accounting support we have received has been prompt, efficient and accurate. On those occasions when we have asked for changes or advice, the support provided has been both timely and helpful. We recommend NAV highly."

Bill Dreiss, Dreiss Research Corporation


"Having confidence in your performance accounting is critical for a money manager. Fortunately, we are always confident that NAV is on top of ours backed with their thorough knowledge and expertise."

Doug Carper, DEC Capital Inc.


"NAV has been with us since we opened our doors and launched the Fall River Fund. They do all of our trade accounting including the fund. But more importantly, NAV has become an integral member of our management team, and has become the financial department for our firm. We have high regard for the quality and timeliness of their work, and the invaluable insight and knowledge they have about our industry."

Doug Wambach, Fall River Capital


"I am meticulous about double-checking NAV's work product against my own calculations and against what I think makes sense. Over the years I have probably asked them questions about this number or that close to 200 times. Their answers are unfailingly good; I have yet to catch them making an error."

Robert Niewijk, Katana Capital LLC


"It has been our pleasure to work with NAV for more than a decade. As the administrator for our fund, NAV excels in professionalism, responsiveness and attention to detail. Their consistency, skill and knowledge have been a great benefit to our firm. We wish them continued success and expect to be working with them for many years to come."

James McNamara, Harrison Street


"My name is Fang Li and I run Baleen Capital, a hybrid investment fund with both public and private investments. I have used NAV for my administration needs since I launched in 2012. They provide excellent service, the team there is responsive, and most important they know what they are doing. Whenever there has been a discrepancy between their numbers and mine, NAV has been right. I am incredibly pleased with my choice to go with NAV and would highly recommend them to you."

Fang Li, Baleen Fund


"Since moving to NAV as my Fund Administrator I have been completely satisfied with their work and their attention to detail. They are an outstanding group of people, and they offer a great value proposition in terms of work performed for a fair price. I could not be happier with my choice to go with NAV. I cannot imagine that there is a better group to perform these services at this price. I would highly recommend them to any investment Fund that is looking for a full service administrator."

Lawrence Lepard, Equity Management Associates, LLC


"Our firm has been with NAV since inception, and sees them more as a partner than a service provider. As our firm has evolved, NAV has adapted to our various needs thanks to their knowledgeable team members and adaptive technology. In our opinion, their complete fund administration services are above standard and we look forward to continuing the great relationship. Separately, we have been very pleased to hear about their continued growth."

Lionel Tapiero, Logica Funds


"I have been a privileged client of NAV for nearly nine years. As my firm has grown and changed they have been supportive, knowledgeable and professional in every way."

Jeffrey Pavlik, Pavlik Capital


"We have been with NAV right from the Day 1 of our fund. We find them extremely responsive and accurate. They also effectively coordinate with our banks, brokers and custodians, which happen to be located across different continents. Our clients have also come to trust on NAV's reporting. This greatly helps us with our client relationships. We are very pleased with the service level and look forward to a long and growing relationship."

Rahul Bhatia, Willow Investment Management, LLC


"NAV has been an essential partner for Aesalon. The firm has been instrumental to our success by providing outstanding service to our investors and to the Aesalon Funds. The team at NAV is a pleasure to work with. They made a commitment from the very beginning to really understand our strategies. This dedication enabled NAV to design several custom reports for us that are exceedingly helpful for both managing the portfolio and for communicating with our investors. We are delighted with our relationship with NAV."

Marc Katz, Aesalon Capital Management LLC


"I am extremely happy with the service I am getting. The daily reconciliation and reporting are seamless. Assistance with data and custom report request is managed promptly."

Ben Vallieres, SDM Commodities


"NAV delivers. Years ago, a major allocator approached me to invest and when I told them I did business with NAV they immediately checked their due diligence box and we moved forward. NAV provides exceptional service at a great rate."

Adam Sarhan, Sophic Associates


"When we chose NAV as our managed account administrator, our decision was based primarily on their futures capabilities and the overall value proposition they offered compared to the rest of the space. Since then, our decision has been validated in that regard and additionally by the personal attention we receive and the timeliness with which we receive it."

Jeffrey Roy, Whitman Asset Management


As H. L. Mencken once said, "The older I get, the more I admire and crave competence, just simple competence…" With NAV, you will find competence in droves. With decades of both industry and technical experience, you can be confident that NAV will properly guide your fund through startup and into operations. They are both knowledgeable and professional in the services they provide. I would recommend them to any fund in the industry.

David Wesolowicz, Clarke Capital Management, Inc.


“NAV is a superb service organization - one of EMC's best resources! Their accounting skills are impeccable. But that's just the beginning... they are also great thinkers and problem solvers. NAV understands my business and supports it in a meaningful way.”

EMC Capital Management, Inc.


"We have been with NAV since the inception of CONGER in 1999. NAV is as invaluable an asset today as it was when we were just getting our feet wet in the Managed Futures industry. Questions are answered almost before they are asked and any problems or issues are resolved expeditiously. We have full confidence and certainty in the accounting services of NAV."

Conger Asset Management, LLC



"We have worked with NAV for over a decade and have been very pleased with their response time, thoroughness and dedication."

Todd Stein, Braeside Capital


"Alpha Architect has been very pleased with NAV. NAV is knowledgeable in all areas including accounting, tax, and administration. They have also helped with our NFA filings. In our opinion, their services are excellent and we look forward to continuing the great relationship."

Jack Vogel, Alpha Architect


"NAV has been our third-party administrator since 2007. Throughout this time, they have been great to work with--while walking the fine line between being reasonable while making sure we are doing the right thing for our investors. When we put the name NAV in our Private Placement Memorandums, our prospective investors get great comfort from knowing NAV is working for both the General Partner and the investor."

Bob Felsenthal, Warberg Asset Management


"We recently changed our administrator to NAV in January 2015. Since changing administrators to NAV we have been extremely pleased with the quality of service, technology and expertise they provide in the alternatives administration space. They have exceeded our expectations and would recommend NAV to any fund looking for a superior administration partner that can grow with their firm."

Frank Giancarli, Brightlight Capital


"We appreciate NAV's cost-effective flat-fee structure, NAV's automated system which provides very accurate results, and NAV's ability to produce custom reports that help us quickly and effectively monitor our performance."

David Kent, Cecropia Capital


"NAV is an important partner for BGA. NAV is very timely and accurate with reporting, and they have created a number of different custom reports that help us manage our business. They have also been very helpful with new compliance and regulatory changes. They were very helpful in assuring we complied with the new FATCA regulation. Lastly, their tax team is very efficient and accurate when preparing our annual tax filings and K-1s."

Daniel Burns, Battery Advisors


"I could not be happier with NAV as an administrator for our fund. Their work is timely and accurate and they have the systems and controls in place to let me sleep soundly at night. To top it off, their services are priced competitively such that even small scale emerging managers can provide an institutional quality product to investors."

Michael J. Lee, Hypotenuse Capital Management


"NAV is the major reason we have been able to operate a small fund without much overhead. We continue to get compliments on our "Back Office", which is really NAV. Annual audits are a breeze! Regulatory audits are not too bad either."

Jamie Ward, Liberty Heritage Group, LLC


"I have worked with NAV for 20+ years and seen them grow exponentially during this time. What has remained constant is the value and service they provide. I recommend them without any hesitation."

Hemal Gala, Pulse Capital Partners LLC


"NAV is a quality / economical third party solution for calculating Managed Futures performance, generating incentive fee invoices and delivering electronic summaries directly to clients."

Brad Allanson, PI Financial


"We have been very pleased with the work that NAV has performed for us since over the past three years. As our firm has grown, NAV has seamlessly adapted to our increased operational and regulatory needs through customization of their technological, administration and reporting systems. In our opinion, their fund administration services are excellent and we look forward to continuing this great relationship."

Scott Barnes, Fort LP


"We greatly appreciate our business relationship with NAV. We have found the team at NAV to be extremely competent attentive to our account. They have provided us with a superior level of service and we consider them to be a true business partner."

Rick Rusin, AlphaTerra LLC


"Dreiss Research Corporation has been a client of NAV for almost 20 years. Throughout that time, the accounting support we have received has been prompt, efficient and accurate. On those occasions when we have asked for changes or advice, the support provided has been both timely and helpful. We recommend NAV highly."

Bill Dreiss, Dreiss Research Corporation


"I have worked with NAV for several years, and have recommended them to several of my clients. The level of service that they provide is the best."

Ron Levinson, Drury Capital Management LLC


"Having confidence in your performance accounting is critical for a money manager. Fortunately, we are always confident that NAV is on top of ours backed with their thorough knowledge and expertise."

Doug Carper, DEC Capital Inc.


"We’ve all had mixed experiences with outsourcing, but NAV consistently gets it right. Work product is highly comparable to administrators charging much more. They don’t ask irrelevant questions, and always communicate clearly. Very impressive work at an unbeatable cost structure."

James Mannix, Perceptive


We are an emerging fund and selected NAV as our fund administrator because of the flexibility it offers to new managers. Not only did NAV work with us to make our fund administration costs manageable in our first year, but it worked closely with us for several months to help us streamline our fund accounting, reporting, and tax processes. Put simply, NAV provided our emerging fund with a value proposition that is hard to beat."

JP Bourtin, Highcrest Capital LLC


"NAV has been an important partner for Hatteras Funds for the past 10 years. They provide monthly fund accounting services and performance reporting for our flagship fund of funds vehicle. NAV is very accurate, responsive, and helpful with everything they do for us. They have helped us create custom performance reporting that is an essential part of how we manage and market our fund. They have the systems and personnel to handle complex accounting and reporting issues. Their continued hard work and efforts are essential to our fund management. We look forward to working with the entire team at NAV for many years to come."

Lance Baker, Hatteras Funds


"NAV has been an essential partner for Aesalon. The firm has been instrumental to our success by providing outstanding service to our investors and to the Aesalon Funds. The team at NAV is a pleasure to work with. They made a commitment from the very beginning to really understand our strategies. This dedication enabled NAV to design several custom reports for us that are exceedingly helpful for both managing the portfolio and for communicating with our investors. We are delighted with our relationship with NAV."

Marc Katz, Aesalon Capital Management LLC


"NAV has provided Beach Capital with independent valuation of all of our funds and managed account including fee calculations since 1999. Since 2003, NAV has also provided detailed daily reporting for the Beach Funds via Beach Capital's website. Additionally, NAV provides excellent advice on an ad hoc basis. The team at NAV is highly professional, effective, and efficient and deal with all requests very promptly. NAV is a valued part of the fund management service of Beach Capital."

James Hosking, Beach Capital Management Ltd


"We are very happy with NAV Fund Administration as the third party administrator to the GLL Investors, LLC funds. Having a dedicated hands on administrator that has the ability to customize reporting both internally and externally has helped us reduce the time it takes to get our investors information on their investments. NAV has helped us realize efficiencies across both our back and front offices. The knowledge, experience, and support of the NAV group is an asset to our firm because they allow us to focus on our investor client base without distractions."

Jason Gilboy, GLL Investors LLC


"Since moving to NAV as my Fund Administrator, I have been completely satisfied with their work and their attention to detail. They are an outstanding group of people, and they offer a great value proposition in terms of work performed for a fair price. I could not be happier with my choice to go with NAV. I cannot imagine that there is a better group to perform these services at this price. I would highly recommend them to any investment Fund that is looking for a full service administrator."

Lawrence Lepard, Equity Management Associates


"NAV has been a key service provider for our products for many years. We employ strategies that require the administrator to handle high transaction volume and maintain a very diverse set of securities. NAV has also created innovative technology to deliver customized daily reports to us, allowing us to manage our business more efficiently. NAV continues to be a valuable service provider and extension of our back office operations."

Eric P. Cressman, T2AM LLC


“Switching to NAV as our fund administrator is probably the best decision we have ever made as a start-up investment manager. We converted our 9 month old domestic fund into a master-feeder structure with the help of NAV. The transition is super smooth. NAV is providing us with a top-notch service (accounting/client relations) with a very reasonable price. Commutating with its back office team located in Asia is very easy with no delay. I would recommend NAV to any emerging investment manager who is planning to launch its own fund. The choice is obvious.”

Ti Zhou, Ruyi Capital


“We have been extremely pleased to have NAV as our administrator. Our accounting is always accurate and delivered in a timely manner. The daily reports that are offered through the NAV website provide the transparency that we need to make business decisions. But where NAV really sets itself apart is in regards to customer service and the organization’s willingness to go beyond base expectations. Any time we need help with a special project or report, the NAV team is always responsive and willing to assist. The NAV team has helped us develop several custom reports that are key to managing our business, and the team is currently helping to consolidate all of our historical data into one place. We are grateful to have NAV as a partner.”

Kevin Barb, Whetstone Capital


“NAV has deep bench strength and is very responsive to our requests and our investor's needs.”

Ted Parkhill, Incline Investment Management, LLC


“In the twelve plus years we have worked with NAV they have been a valuable part of our team. They are responsive and responsible and efficient at what they do.”

Carl Baggett, Norcap


“We’ve been satisfied NAV clients for three years and have been quite pleased with the relationship. The NAV team is knowledgeable and quick to respond, and their technology and reporting, while already very good, is always improving (they don’t rest on their laurels!). Very happy to recommend them and have, in fact, done so several times.”

Jonathan R. Saunders, Crawford Fund Management, LLC


“We have been very pleased with the work that NAV has performed for us for almost 15 years. The team is knowledgeable, reliable, prompt and always available. Their fund administration services are excellent and we look forward to continuing the great relationship. They are an invaluable component of our operation.”

Fara Hafter, El Faro Partners, LLC


"NAV has been a refreshing service provider that has continually provided highly quality work. The services provided are handled efficiently and with a forward thinking view, rather than a reactionary attitude. As someone who shares this same philosophy, this is always appreciated."

Andrew Snyder, William Blair


"Huizenga Capital Management has been a client of NAV for over 10 years. We find them to be professional, knowledgeable and responsive. They provide excellent service and an excellent work product. They have very low employee turnover which provides continuity. We are very comfortable recommending their fund administration services."

Cynthia M. Fogg, Huizenga Capital Management


"I have been a privileged client of NAV for nearly nine years. As my firm has grown and changed they have been supportive, knowledgeable and professional in every way."

Jeffrey Pavlik, Pavlik Capital


"When performing the reference check portion of our due diligence in considering moving our administration to NAV, we were initially skeptical as the referrals we received were unanimously enthusiastic about them. We are pleased that after working with NAV for more than two years, the praise for their work is well deserved, especially in the areas of trade reconciliation, transfer agency services, ease of new fund set up, customized fee calculations and reporting, client services and audit support."

Karen Kregor, Efficient Capital Management LLC


“For nearly 30 years Chesapeake Capital has enjoyed the opportunity to work with NAV. NAV’s high level of professionalism and reliability has made them an ideal choice for our Fund Administrator as well as providing Chesapeake with superior accounting and investor services. We value the close working relationship we have with NAV.”

Heather Breed, Chesapeake Capital Corporation


"Engaging NAV to handle our fund administration is among one of my best operations decisions. The quality of their work is impeccable and customer service requests are always handled in a very timely manner. I consider NAV to be one of my most valuable business partners."

Mark Patton, Patton Fund Management, Inc.


"NAV has been our Fund's external accountant for over 20 years. Throughout this time they have delivered excellent support with responsive, timely and accurate services. We especially appreciate their high touch, dedicated professionalism and ability to customize solutions for our firm. As our business has grown and evolved in complexity NAV has always been ahead of the curve providing answers and advice. In terms of costs, NAV fees have always been fair, in terms of quality NAV is superior. NAV is an outstanding service provider that we would recommend without reservation."

Sean Doyle, Doyle Fund Management.



"I have worked with NAV for 20+ years and seen them grow exponentially during this time. What has remained constant is the value and service they provide. I recommend them without any hesitation."

Hemal Gala, Pulse Capital Partners LLC


"NAV is a quality / economical third party solution for calculating Managed Futures performance, generating incentive fee invoices and delivering electronic summaries directly to clients."

Brad Allanson, PI Financial


"We have been very pleased with the work that NAV has performed for us since over the past three years. As our firm has grown, NAV has seamlessly adapted to our increased operational and regulatory needs through customization of their technological, administration and reporting systems. In our opinion, their fund administration services are excellent and we look forward to continuing this great relationship."

Scott Barnes, Fort LP


“We have been a client of NAV since 2011. We find their work to be of the highest quality, accurate, and delivered on a timely basis. Their staff is knowledgeable and are always willing to take the extra step to assist whenever they are needed. They are experts in the area of fund administration services and related matters. The principals are easy to work with and understanding of the challenges of our business. The organization has remained consistent and steady throughout the years. I would recommend them highly.”

Alex Hyman, Hyman, Beck and Company


"NAV has a stellar reputation and provides excellent value. NAV has shown great adaptability in providing performance compilation services for our growing firm, which cannot be said for many accountants. I would highly recommend them."

Ari Siegel, Turning Wheel Capital Inc.


"We greatly appreciate our business relationship with NAV. We have found the team at NAV to be extremely competent attentive to our account. They have provided us with a superior level of service and we consider them to be a true business partner."

Rick Rusin, AlphaTerra LLC


"My decision to use NAV was among the top two or three choices I've made since I started my business eighteen years ago. I am certain you will say the same thing if you make the same choice. Thank you, NAV, and a very special thank you to Paul Johnson who worked with me the entire way!"

Paul F. Viguerie, Viguerie Investments


"Dreiss Research Corporation has been a client of NAV for almost 20 years. Throughout that time, the accounting support we have received has been prompt, efficient and accurate. On those occasions when we have asked for changes or advice, the support provided has been both timely and helpful. We recommend NAV highly."

Bill Dreiss, Dreiss Research Corporation


"I have worked with NAV for several years, and have recommended them to several of my clients. The level of service that they provide is the best."

Ron Levinson, Drury Capital Management LLC


"NAV is a superb service organization - one of EMC's best resources! Their accounting skills are impeccable. But that's just the beginning... they are also great thinkers and problem solvers. NAV understands my business and supports it in a meaningful way."

EMC Capital Management, Inc.


"We have been with NAV since the inception of CONGER in 1999. NAV is as invaluable an asset today as it was when we were just getting our feet wet in the Managed Futures industry. Questions are answered almost before they are asked and any problems or issues are resolved expeditiously. We have full confidence and certainty in the accounting services of NAV."

Conger Asset Management, LLC


"Having confidence in your performance accounting is critical for a money manager. Fortunately, we are always confident that NAV is on top of ours backed with their thorough knowledge and expertise."

Doug Carper, DEC Capital Inc.


"NAV has been with us since we opened our doors and launched the Fall River Fund. They do all of our trade accounting including the fund. But more importantly, NAV has become an integral member of our management team, and has become the financial department for our firm. We have high regard for the quality and timeliness of their work, and the invaluable insight and knowledge they have about our industry."

Doug Wambach, Fall River Capital


"When performing the reference check portion of our due diligence in considering moving our administration to NAV, we were initially skeptical as the referrals we received were unanimously enthusiastic about them. We are pleased that after working with NAV for more than two years, the praise for their work is well deserved, especially in the areas of trade reconciliation, transfer agency services, ease of new fund set up, customized fee calculations and reporting, client services and audit support."

Karen Kregor, Efficient Capital Management LLC


"NAV has deep bench strength and is very responsive to our requests and our investor's needs."

Ted Parkhill, Incline Investment Management, LLC


"NAV has been a key service provider for our products for many years. We employ strategies that require the administrator to handle high transaction volume and maintain a very diverse set of securities. NAV has also created innovative technology to deliver customized daily reports to us allowing us to manage our business more efficiently. NAV continues to be a valuable service provider and extension of our back office operations."

Eric P. Cressman, T2AM LLC


"NAV has provided Beach Capital with independent valuation of all of our funds and managed account including fee calculations since 1999. Since 2003 NAV has also provided detailed daily reporting for the Beach Funds via Beach Capital's website. Additionally NAV provides excellent advice on an ad hoc basis. The team at NAV is highly professional, effective, and efficient and deal with all requests very promptly. NAV is a valued part of the fund management service of Beach Capital."

James Hosking, Beach Capital Management Ltd.


"NAV came highly recommended by leaders in the industry and NAV has indeed delivered on all fronts at incredibly competitive prices."

Pascal Magnollay, Amberstone Capital Management LLC


"As a client for almost ten years now, Dearborn Capital is continuously impressed with the level of quality accounting services that it receives from NAV. Our reports always completed in good order and on time. And our questions too are always addressed on timely fashion."

Maureen O'Rourke, Dearborn Capital Management, LLC


"I am extremely happy with the service I am getting. The daily reconciliation and reporting are seamless. Assistance with data and custom report request is managed promptly."

Ben Vallieres, SDM Commodities


"NAV delivers. Years ago, a major allocator approached me to invest and when I told them I did business with NAV they immediately checked their due diligence box and we moved forward. NAV provides exceptional service at a great rate."

Adam Sarhan, Sophic Associates


"When we chose NAV as our managed account administrator, our decision was based primarily on their futures capabilities and the overall value proposition they offered compared to the rest of the space. Since then, our decision has been validated in that regard and additionally by the personal attention we receive and the timeliness with which we receive it."

Jeffrey Roy, Whitman Asset Management


"NAV's ability to work with emerging managers is truly exceptional. From our launch four years ago with 10m AUM to our growth to 300m AUM today, NAV has been always been accommodating, attentive and uniquely focused on our needs. Without a doubt, NAV has been instrumental in Centurion's success."

Umran Zia, Centurion Investment Management


“For nearly 30 years Chesapeake Capital has enjoyed the opportunity to work with NAV. NAV’s high level of professionalism and reliability has made them an ideal choice for our Fund Administrator as well as providing Chesapeake with superior accounting and investor services. We value the close working relationship we have with NAV.”

Heather Breed, Chesapeake Capital Corporation


As H. L. Mencken once said, "The older I get, the more I admire and crave competence, just simple competence…" With NAV, you will find competence in droves. With decades of both industry and technical experience, you can be confident that NAV will properly guide your fund through startup and into operations. They are both knowledgeable and professional in the services they provide. I would recommend them to any fund in the industry.

David Wesolowicz, Clarke Capital Management, Inc.



"We have worked with NAV for over a decade and have been very pleased with their response time, thoroughness and dedication."

Todd Stein, Braeside Capital


"Engaging NAV to handle our fund administration is among one of my best operations decisions. The quality of their work is impeccable and customer service requests are always handled in a very timely manner. I consider NAV to be one of my most valuable business partners."

Mark Patton, Patton Fund Management, Inc.


"NAV has been a trusted partner from the beginning. While their technology and timeliness have consistently impressed, it is NAV's personnel which have truly differentiated them. The tone at the top has always been one of integrity and substance, rather than glitz. Our account manager is always available to help and has been patient and professional from the onset. We are glad to have found them."

Steve Rosenberg, Marnell Management


"Alpha Architect has been very pleased with NAV. NAV is knowledgeable in all areas including accounting, tax, and administration. They have also helped with our NFA filings. In our opinion, their services are excellent and we look forward to continuing the great relationship."

Jack Vogel, Alpha Architect


"We recently changed our administrator to NAV in January 2015. Since changing administrators to NAV we have been extremely pleased with the quality of service, technology and expertise they provide in the alternatives administration space. They have exceeded our expectations and would recommend NAV to any fund looking for a superior administration partner that can grow with their firm."

Frank Giancarli, Brightlight Capital


"We appreciate NAV's cost-effective flat-fee structure, NAV's automated system which provides very accurate results, and NAV's ability to produce custom reports that help us quickly and effectively monitor our performance."

David Kent, Cecropia Capital


"I have known NAV for over 10 years both as a fund manager as well as a client of some of the funds they administer. I also have experience with many other fund administrators. Unequivocally NAV is by far the best administrator out there in every respect. They are quite reasonably priced. They provide the reports in a very timely manner and their accuracy is unmatched!"

Raj Agarwal, India Deep Value Fund


"Over our period of engagement with NAV, we have found them to be very prompt in their actions, responsive to our needs, and open and available to discuss questions we may have along the way. Their work has been timely and accurate, and we could not be happier with the job that Chris and the team at NAV have performed for us."

Peter Conrad, First Light Asset Management


"Bhavana and her team at NAV have been a trusted partner for our limited partnership operations since 2008. Their work product has always been accurate and timely while providing effective reporting for our limited partners' valuation and tax needs. They have also provided valuable support and consultation related to general partner tax and compliance issues."

Mike Morris, Two Fish Management


"I could not be happier with NAV as an administrator for our fund. Their work is timely and accurate and they have the systems and controls in place to let me sleep soundly at night. To top it off, their services are priced competitively such that even small scale emerging managers can provide an institutional quality product to investors."

Michael J. Lee, Hypotenuse Capital Management


"We have been very happy with NAV, who has been our Fund Administrator since our inception. NAV provides us with institutional level fund administration services at a very competitive price. We are very happy we selected NAV and look forward to working with them for many years to come."

Jeremy Kahan, North Peak Capital


"I am meticulous about double-checking NAV's work product against my own calculations and against what I think makes sense. Over the years I have probably asked them questions about this number or that close to 200 times. Their answers are unfailingly good; I have yet to catch them making an error."

Robert Niewijk, Katana Capital LLC


"My name is Fang Li and I run Baleen Capital, a hybrid investment fund with both public and private investments. I have used NAV for my administration needs since I launched in 2012. They provide excellent service, the team there is responsive, and most important they know what they are doing. Whenever there has been a discrepancy between their numbers and mine, NAV has been right. I am incredibly pleased with my choice to go with NAV and would highly recommend them to you."

Fang Li, Baleen Fund


"Since moving to NAV as my Fund Administrator I have been completely satisfied with their work and their attention to detail. They are an outstanding group of people, and they offer a great value proposition in terms of work performed for a fair price. I could not be happier with my choice to go with NAV. I cannot imagine that there is a better group to perform these services at this price. I would highly recommend them to any investment Fund that is looking for a full service administrator."

Lawrence Lepard, Equity Management Associates, LLC


"I have been a privileged client of NAV for nearly nine years. As my firm has grown and changed they have been supportive, knowledgeable and professional in every way."

Jeffrey Pavlik, Pavlik Capital


"We have been with NAV right from the Day 1 of our fund. We find them extremely responsive and accurate. They also effectively coordinate with our banks, brokers and custodians, which happen to be located across different continents. Our clients have also come to trust on NAV's reporting. This greatly helps us with our client relationships. We are very pleased with the service level and look forward to a long and growing relationship."

Rahul Bhatia, Willow Investment Management, LLC


"Our firm has been with NAV since inception, and sees them more as a partner than a service provider. As our firm has evolved, NAV has adapted to our various needs thanks to their knowledgeable team members and adaptive technology. In our opinion, their complete fund administration services are above standard and we look forward to continuing the great relationship. Separately, we have been very pleased to hear about their continued growth."

Lionel Tapiero, Logica Funds


“NAV has been our third-party administrator since 2007. Throughout this time, they have been great to work with--while walking the fine line between being reasonable while making sure we are doing the right thing for our investors. When we put the name NAV in our Private Placement Memorandums, our prospective investors get great comfort from knowing NAV is working for both the General Partner and the investor.”

Bob Felsenthal, Warberg Asset Management


“NAV is an important partner for BGA. NAV is very timely and accurate with reporting, and they have created a number of different custom reports that help us manage our business. They have also been very helpful with new compliance and regulatory changes. They were very helpful in assuring we complied with the new FATCA regulation. Lastly, their tax team is very efficient and accurate when preparing our annual tax filings and K-1s.”

Daniel Burns, Battery Advisors


“NAV has served as the portfolio accounting administrator for our funds since January 2005. NAV has proven to be a tremendous cost effective addition to our own internal accounting function, providing a solid level of independent financial reporting to our investors. Their high level of accounting skills and attention to detail provide consistent and accurate accounting for our master/feeder structure.”

Xun Lin, DAFNA Capital Management, LLC


“We have been very pleased with the work that NAV has performed for us since over the past three years. As our firm has grown, NAV has seamlessly adapted to our increased operational and regulatory needs through customization of their technological, administration and reporting systems. In our opinion, their fund administration services are excellent and we look forward to continuing this great relationship.”

Scott Barnes, Fort LP


“We have been working with NAV for over 10 years and we hope to continue working with them for another 10! They have been a pleasure to work with, I would recommend them to any asset manager or family office looking for excellent service.”

Alex Craig, Tiverton Trading


“We’ve all had mixed experiences with outsourcing, but NAV consistently gets it right. Work product is highly comparable to administrators charging much more. They don’t ask irrelevant questions, and always communicate clearly. Very impressive work at an unbeatable cost structure.”

James Mannix, Perceptive


“Switching to NAV as our fund administrator is probably the best decision we have ever made as a start-up investment manager. We converted our 9 month old domestic fund into a master-feeder structure with the help of NAV. The transition is super smooth. NAV is providing us with a top-notch service (accounting/client relations) with a very reasonable price. Commutating with its back office team located in Asia is very easy with no delay. I would recommend NAV to any emerging investment manager who is planning to launch its own fund. The choice is obvious.”

Ti Zhou, Ruyi Capital


“NAV was instrumental in helping Gate City Capital Management provide our investors with top-tier services from day one. As an emerging manager, we found NAV to be a great partner in helping to grow our firm and have received numerous compliments from our investors on the professionalism and quality of the work they do.”

Michael Melby, Gate City Capital


“Our firm has worked with NAV since 2014. We are so pleased with their service that we have recommended them to colleagues. Our NAV team is responsive, knowledgeable, courteous and a great resource for many matters that arise in management of our funds.”

Bayshore Capital Advisors, LLC


“NAV has been a key service provider for our products for many years. We employ strategies that require the administrator to handle high transaction volume and maintain a very diverse set of securities. NAV has also created innovative technology to deliver customized daily reports to us allowing us to manage our business more efficiently. NAV continues to be a valuable service provider and extension of our back office operations.”

Eric P. Cressman, T2AM LLC


“We have been extremely pleased to have NAV as our administrator. Our accounting is always accurate and delivered in a timely manner. The daily reports that are offered through the NAV website provide the transparency that we need to make business decisions. But where NAV really sets itself apart is in regards to customer service and the organization’s willingness to go beyond base expectations. Any time we need help with a special project or report, the NAV team is always responsive and willing to assist. The NAV team has helped us develop several custom reports that are key to managing our business, and the team is currently helping to consolidate all of our historical data into one place. We are grateful to have NAV as a partner.”

Kevin Barb, Whetstone Capital


“NAV has deep bench strength and is very responsive to our requests and our investor's needs.”

Ted Parkhill, Incline Investment Management, LLC


“In the twelve plus years we have worked with NAV they have been a valuable part of our team. They are responsive and responsible and efficient at what they do.”

Carl Baggett, Norcap


“As a new manager, working with NAV has been invaluable to my firm. NAV has been very helpful throughout each step as I moved from starting up my firm to launching the fund to managing the fund. I have found the entire team at NAV to be professional, responsive, and knowledgeable.”

Dan Steefel, Steefel Capital Management


“We’ve been satisfied NAV clients for three years and have been quite pleased with the relationship. The NAV team is knowledgeable and quick to respond, and their technology and reporting, while already very good, is always improving (they don’t rest on their laurels!). Very happy to recommend them and have, in fact, done so several times.”

Jonathan R. Saunders, Crawford Fund Management, LLC


“We have been very pleased with the work that NAV has performed for us for almost 15 years. The team is knowledgeable, reliable, prompt and always available. Their fund administration services are excellent and we look forward to continuing the great relationship. They are an invaluable component of our operation.”

Fara Hafter, El Faro Partners, LLC



"NAV has been a trusted business partner to PPB over the years. NAV supports our business with not only fund administration and tax preparation services, but they also provide invaluable market knowledge around compliance and international fund operations."

Adam Stern, PPB


"We have been working with NAV for over 10 years and we hope to continue working with them for another 10! They have been a pleasure to work with, I would recommend them to any asset manager or family office looking for excellent service."

Alex Craig, Tiverton Trading


"NAV has been the administrator for our liquid and illiquid strategies since 2009. All fund administration services provided without exception have always been impeccable - and cost efficient. I would recommend NAV without hesitation to mature firms and startups."

Karim Awad, EDGEMORE CAPITAL


"NAV is an important partner for BGA. NAV is very timely and accurate with reporting, and they have created a number of different custom reports that help us manage our business. They have also been very helpful with new compliance and regulatory changes. They were very helpful in assuring we complied with the new FATCA regulation. Lastly, their tax team is very efficient and accurate when preparing our annual tax filings and K-1s."

Daniel Burns, Battery Advisors


"We’ve all had mixed experiences with outsourcing, but NAV consistently gets it right. Work product is highly comparable to administrators charging much more. They don’t ask irrelevant questions, and always communicate clearly. Very impressive work at an unbeatable cost structure."

James Mannix, Perceptive


“We have been very pleased with the work that NAV has performed for us for almost 15 years. The team is knowledgeable, reliable, prompt and always available. Their fund administration services are excellent and we look forward to continuing the great relationship. They are an invaluable component of our operation.”

Fara Hafter, El Faro Partners, LLC


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