NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was announced as Best Fund Administrator at the inaugural European Digital Assets Awards, hosted by industry publication Hedgeweek in London on June 29. The firm also won Best Fund Administrator honors at the Hedgeweek US Digital Assets Awards earlier this year.

"We're proud to have been recognized for global achievement in crypto fund administration services," said Rajat Jain, NAV Vice President – Fund Accounting and Digital. "Our proprietary technology, experienced team, and highly competitive pricing offer crypto fund managers around the world a superior choice for comprehensive, flexible services and an established, stable partner during periods of change and volatility."

Nominations were based on annualized performance over a 12-month period from September 1, 2020 to August 31, 2021. More than 100 fund managers and other key industry participants were surveyed to compile a nominee shortlist, followed by an online poll to determine the winner. The poll included nearly 10,000 total votes cast comprised of 45% fund managers, 35% service providers, and 20% investors.

"NAV is an industry leader and the largest and most experienced cryptocurrency fund administrator," said Sumit Sharma, NAV Assistant Vice President. "We currently work with more than 600 crypto funds and offers connectivity to 140+ exchanges and counterparties. Our range of cost-effective benefits to crypto fund managers include detailed reporting and prompt delivery timelines, proven institutional appeal, and superior client services." CLICK HERE for more info about NAV Cryptocurrency Services

Beyond crypto fund support, NAV has offered fund administration services across all alternative asset fund types and strategies for more than 30 years. The latest award marks NAV's fourth "Best Administrator" award this year to date -- including Best Fund Administrator for Small/Start-Up Funds at the Fund Intelligence Operations & Services Awards in March and Best Fund Administrator at the HFM US Quant Services Awards in February – in addition to the Hedgeweek Best Fund Administrator honors at the US Digital Assets Awards in March.