NAV IN THE NEWS

NAV Fund Administration Group Selected by Domeyard LP to Provide Fund Administration Services

May 17, 2018

Boston-based high frequency trading hedge fund, Domeyard LP, has selected NAV Fund Administration Group for fund administration services. Domeyard was founded in 2013, and continues to grow, attracting a number of high profile investors.

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NAV Selected by SandPointe Asset Management for Fund Administration

October 10, 2017

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.

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NAV Fund Administration Group selected by T2 Capital Management for their Strategic Real Estate Income Fund

September 26, 2017

NAV is proud to announce they have successfully on-boarded T2 Capital Management’s Strategic Real Estate Income Fund (“SREI”) to their fund administration platform. The two groups agreed to partner earlier this year and recently finalized the transition of SREI from their previous fund administrator. T2 is a privately-held real estate investment firm based in Chicago.

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NAV selected as Administrator for Kettera’s new Hydra Global Hedge platform

September 12, 2017

Alternative investment platform specialist Kettera has expanded it’s managed account marketplace Hydra to equity-based hedge fund strategies. Kettera has selected Goldman Sachs & Co. LLC as the initial prime broker and NAV Consulting as the administrator for this new platform.

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NAV Fund Administration Named Administrator for the White Oaks Funds

September 1, 2016

Oakbrook Terrace, IL. (PRWEB) September 01, 2016- NAV Fund Administration Group (“NAV”) was recently selected to provide full service fund administration to the White Oaks Funds. The White Oaks Funds consists of six funds with approximately $300 million of assets under management and over a ten-year track record and were successfully transitioned over from a previous administrator during the second quarter of 2016.

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NAV Selected by Crabel Capital Management as their Official Full-Service Fund Administrator
December 8, 2015
OAK BROOK, IL., Dec. 8, 2015 (GLOBE NEWSWIRE) -- via PRWEB - NAV Group, a leading provider of alternative fund administration, announced that Crabel Capital Management, LLC will replace their current fund administrator with NAV on January 1, 2016. After conducting a thorough review of several fund administration firms and on-site due diligence visits, Crabel recognized the value and reliability of NAV's automated proprietary technology platform and talented team. NAV will be providing Crabel's funds with a broad suite of fund accounting and investor services.

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NAV Consulting Selected for Mandate by Altis Partners
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.

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NAV Fund Administration Group Announces 100,000 Meal Donation to Greater Chicago Food Depository

October 6, 2020

NAV Fund Administration Group has announced a donation to the Greater Chicago Food Depository in an amount equivalent to 100,000 meals for families in Chicago and Cook County. “With the pandemic and current economic situation, we wanted to do our part to support families in need in the Chicago area,” said NAV CEO Nav Gupta. “We’ve seen the overwhelming demand for services at food banks nationwide and were particularly mindful of the effect remote schooling has had on families with children who can no longer receive meals at school. It’s an honor to support the Food Depository, an organization that does stellar work to battle food insecurity."

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NAV Breaks Ground for New Office Building

January 22, 2020

NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, today announced that the firm has broken ground on a new office building, its fourth facility in Jaipur. It is anticipated that construction of the 62,000 square feet building will be completed in the first quarter of 2021.

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NAV Fund Administration Group Reaches 700 Employees

May 9, 2019

NAV Fund Administration has reached a new milestone by employing over 700 of the industry’s top professionals. NAV’s expanding team includes over 100 software engineers, 450 accountants, and 100 registrar and transfer agency specialists. “When we founded NAV in 1991, there were only a handful of us working out of an apartment in Chicago,” recalls Nav Gupta, CEO. “The growth over 28 years has been surreal.”

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NAV Fund Admin Announces Landmark Year in New Client Acquisitions

January 28, 2019

NAV announced the acquisition of 140 new clients in 2018. “Our continuous push towards end-to-end automation has opened up tremendous room for growth,” said Nav Gupta, Founder and CEO of NAV. “Our technology enables us to offer some of the lowest prices in the industry while delivering superior fund administration.” In addition to this increased growth, NAV boasts an impressive client retention rate. Through their 27-year history in the hedge fund industry, NAV has retained approximately 99% of their clients. “We don’t need a sales team here at NAV,” continued Gupta. “We continue growing based on referrals from current clients alone.”

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NAV Fund Administration Group Installs High-Efficiency Solar Panels

December 20, 2018

NAV announced its commitment to renewable energy through the installation of high-efficiency solar panels to power its offices in Jaipur, India. With an average guaranteed performance rate of 77.9% and estimated power generation of 375,000 kwh/year, these revolutionary panels will significantly reduce NAV’s dependency on non-renewable energy sources.

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HFM Week Interview with NAV Fund Administration Group CEO Nav Gupta: The Makings of Success

November 2, 2016

NAV Fund Administration Group CEO Nav Gupta discusses the beginnings of the company and what has driven it to success.

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NAV Fund Administration Group Announces Firm Milestone For 2016

October 6, 2016

Oakbrook Terrace, IL. (PRWEB) October 06, 2016- NAV Fund Administration Group (“NAV”) announces the achievement of a major company milestone having reached staffing levels of over five hundred full-time employees globally. NAV specializes in providing full service fund administration to investment managers worldwide. NAV continues to show substantial growth year over year since launching in 1991.

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NAV Fund Administration Group Announces the Purchase of New Office Space to Support Growth

May 2, 2016

NAV Fund Administration Group (“NAV”), a leading independent global fund administrator, today announced the acquisition of a new office building to accommodate continued growth and future expansion plans. The new office space is located in Jaipur, India and will provide additional capacity for NAVs client service and support teams. As a result of this acquisition, NAV Group now owns and occupies 131,000 square feet of office space worldwide.

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NAV Consulting Acquires New Office Space for its US-based Headquarters

July 1, 2014

NAV Consulting, Inc. announced today that it has relocated its world headquarters to 1 Trans Am Plaza Drive, Suite 400 in Oakbrook Terrace, Illinois. This location now houses all of NAV’s US staff as they continue to support its global client base. The expanded location represents a major leap forward for the fund administrator and also accommodates future growth. As a result of this acquisition, all of NAV’s offices are company owned.

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NAV Fund Administration Group Earns Two Industry Awards

November 10, 2020

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


NAV Fund Administration Group Recognized as Best Fund Administrator – Private Credit

October 29, 2020

NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was awarded Best Fund Administrator – Private Credit at the Alt Credit Fund Intelligence U.S. Summit on October 21. The award was given virtually as part of the 2nd Annual Alt Credit U.S. Services Awards, which recognized providers of services and solutions to the North American credit hedge fund industry that have demonstrated exceptional innovation, customer service, and business performance over the past 12 months.

“We are honored to be showcased as a leader within such a competitive industry and at such a challenging time,” said NAV COO Ambuj Garg. “We work daily to provide superior service, technology, and support to our clients. This recognition demonstrates that we’re focused on goals that the industry and our clients value.”
The Alt Credit U.S. Summit, open to senior executives within the alternative alt credit fund space, featured virtual panel discussions, keynote addresses, discussion groups, and one-on-one meetings with other attendees. The day’s activities were capped by what Alt Credit described as “the industry’s premier awards ceremony, honoring the best in class across a broad spectrum of credit fund activity and celebrating those that have weathered the most tumultuous six months in at least a decade.” View the press release


NAV Fund Administration Group Named “Best Administrator- Middle-Office Services” by HFM Global

September 30, 2020

NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, has been named the “Best Administrator- Middle-Office Services” at the HFM US Services Awards 2020. The HFM US Services Awards recognize providers of services and solutions to the hedge fund industry that have demonstrated exceptional innovation, customer service and business performance over the last year. HFM presented the award virtually on September 16 at the annual US award ceremony.

“NAV appreciates being recognized for these achievements in the fund administration space which reflects upon the expertise and dedication of our global team,” said Nav Gupta, Founder and CEO of NAV Fund Administration Group. “We strive to provide innovative and technology-driven solutions that help our clients adapt to constantly changing, operational and regulatory environments.” View the press release


NAV Fund Administration Group Ranked as Top Administrator by Hedge Fund COOs
May 13, 2020
NAV Fund Administration Group (NAV), a leading provider of administrative services to alternative asset managers, has been named the top global hedge fund administrator in the HFM Insights 2020 Service Provider Rankings and Ratings. Administrators were ranked in five categories including value for money, customer support, quality of service, use of technology and staff knowledge. NAV received the highest overall rating and the highest ranking in all five individual categories.

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NAV Fund Administration Group has been named a top performer in alternative asset

December 17, 2019

NAV Fund Administration Group is pleased to announce that it was recognized in the December 2019 "Preqin Special Report: Service Providers in Alternative Assets." For the fourth year in a row, NAV was included in the report's list of Top Five Fund Administrators servicing CTAs. The service provider report also included NAV in its list of Most Utilized Fund Administrators by Hedge Fund Assets under Management.

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NAV Fund Administration Group Wins 2018 HFM US Hedge Fund Services Awards

September 20, 2018

NAV Fund Administration Group (“NAV”) has been named “Best Administrator – under $300bn Single Manager” and “Best Administrator - Small Managers” at the 2018 HFM US Hedge Fund Services Awards in New York on September 13th, 2018.

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NAV Fund Administration Named Top Administrator Servicing CTAs For Third Year in a Row

April 17, 2018

NAV Fund Administration Group ("NAV") is pleased to announce it has been recognized as the leading administrator for Commodity Trading Advisors (CTAs) in Preqin's Global Hedge Fund Report for the third straight year. According to Preqin's 2018 report, NAV has 12% of the market share in fund administration services for CTAs, up from 11% in 2017. Preqin's survey also indicated that there are now 344 fund administrators servicing hedge funds.

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NAV Ranked as Top Administrator Servicing CTAs in 2017 Global Hedge Fund Report

April 10, 2017

Preqin Global Hedge Fund Report, an annual report providing exclusive insight into the latest trends and development in the hedge fund industry has named NAV Consulting, Inc. as the number one service provider in a top five list of Administrators servicing CTAs.

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NAV Fund Administration Group Named Number One Administration for CTAs

July 26, 2016

NAV Fund Administration Group (“NAV”) has been named as top administrator by number of CTAs served in a Special Report issued by Preqin. Following a recent survey of fund managers, the report examined key trends influencing fund managers and identifies NAV as being exceptional at winning new business and dominating the CTA market. The survey also revealed that the most commonly cited reasons for choosing or changing administrators was the quality of service provided and cost of the service.

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NAV Fund Administration Group Recognized for Excellence

March 21, 2016

OAKBROOK TERRACE, IL (PRWEB) MARCH 21, 2016 NAV Fund Administration Group (“NAV”), an independent global fund administrator, is proud to announce it has been named the recipient of these awards:

  • Most Trusted USA Hedge Fund Administrator – Acquisition International
  • Recognized Leader in Multi-Platforms and Complexes – Acquisition International
  • Best Managed Account Platform Technology – HFM US Technology
  • Best Innovative Fund Administrator – CTA Intelligence

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NAV Consulting named Hedge Fund Administration Service Provider of the Year USA by Acquisition International

February 18, 2014

The industry publication Acquisition International has awarded NAV Consulting, Inc. Hedge Fund Administration Service Provider of the Year USA in its 2014 Acquisition International Awards.

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NAV Consulting Named as Leading Fund Administrator for CTAs
March 6, 2013
The industry publication Hedge Fund Spotlight (a monthly newsletter from Preqin providing insights into the hedge fund industry) in its February 2013 issue named NAV Consulting, Inc. as number one in a Top 10 list of Administrators serving CTAs (by number of CTAs as clients).

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NAV Consulting ranked among Top 15 Hedge Fund Administrators Globally
March 6, 2013
eVestment in its Hedge Fund Administrator Survey for 2015 named NAV as 14th largest among Global Fund Administrators by AUA.

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NAV Experiences Growth in Number of Cryptocurrency Clients

August 20, 2019

NAV Fund Administration Group continues to see growth in its number of crypto clients. As interest in cryptocurrency steadily rises, clients have found expert crypto service at NAV, which has become one of the biggest fund administrators in the crypto space. NAV understands cryptocurrency both as a tradable asset and as a technology, with its technical knowledge encompassing the treatment of forks and airdrops, valuation, AML, and more. In addition to their technical insight, NAV’s cryptocurrency staff has considerable experience with various crypto strategies, from basic ones like high frequency quantitative trading and arbitrage, crypto derivatives, and cold storage to more complex strategies like farming, mining, staking, and ICO’s. NAV also uses proprietary technology with the unique ability to interface directly with top crypto exchanges, allowing them to onboard new exchanges and products to better satisfy client needs. NAV utilizes its technology in tandem with its network of service providers, which includes banks, auditors, and custodians, to provide clients with better service.

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NAV Fund Administration Group Releases Major Upgrade to its Private Equity and Venture Capital Software

August 14, 2018

NAV is proud to announce the release of its new software platform for Private Equity and Venture Capital funds. Following months of development and testing, NAV released the new software in May and began migrating its current clients in June. “We see Private Equity and Venture Capital funds as a major growth area for us over the next decade,” said Nav Gupta, CEO of NAV. “There is still a lot of self-administration in this space, and those funds that are outsourcing are underserviced due to a lack of technology.”

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NAV Fund Administration Continues to See Growth in its Cryptocurrency Fund Services Business

February 27, 2018

NAV Fund Administration (NAV), a global leader in hedge fund and private equity administration, continues to see growth in their cryptocurrency hedge fund administration business and has developed a module in their proprietary technology platform to specifically support cryptocurrency funds.

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NAV Among First Administrators to Implement Standardized Administrator Transparency Reporting

January 11, 2017

NAV Fund Administration Group announces that it participated in a Hedge Fund Standards Board (HFSB) working group consisting of leading institutional investors, hedge fund managers and fund administrators, that was assembled to develop a standardized reporting framework for fund administrators.

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NAV Consulting Implements FATCA Solution
October 7, 2014
Morningstar
 
“We believe it’s important as the fund’s administrator to be at the forefront of regulatory requirements that affect our clients. We have been looking at FATCA since its very early stages with the objective of developing a solution that minimizes the impact on our clients,” said Nav Gupta, President and CEO of NAV Consulting. “Our proactive approach to FATCA is another example of our commitment to our clients.”