NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was announced as Best Fund Administrator - Overall for the second consecutive year at the Hedge Fund US Digital Assets Summit, hosted by industry publication Hedgeweek in New York City on March 2.

Selection for the recognition was based on a survey of more than 100 fund managers and other key industry participants to compile a shortlist, followed by an online poll of the entire Hedgeweek subscriber base to determine the final result.

"We are grateful for the continued support and trust from the alternative assets community," said NAV VP Sumit Sharma. "We take pride in providing comprehensive, reliable services that deliver accountability and stability for our clients and their investors - key attributes during this particularly volatile period in the industry."

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The US Digital Asset Summit was a day-long event featuring industry speakers, roundtable discussions, and networking opportunities, concluding with honors to "the most highly regarded and successful fund managers and service providers in the digital assets space based on input from within the industry itself, marking recognition and respect from among peers and counterparties," according to Hedgeweek.