NAV Fund Administration Group Named Best Digital Assets Fund Administrator at Hedgeweek US Services Awards
NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was announced as Best Fund Administrator ‐ Digital Assets at the Hedgeweek US Services Awards in New York City on October 27. The firm also won Best Fund Administrator honors at both the Hedgeweek US and EU Digital Assets Awards earlier this year.
"NAV was one of the first administrators to work with crypto clients in the early days and we continue to develop solutions that address the unique requirements crypto fund managers and their investors require," said NAV VP ‐ Accounting & Digital Rajat Jain. "Our services are well-honed at this point ‐ offering accuracy, quick reporting, responsiveness, expertise with crypto, and institutional appeal ‐ a ‘full package‘ of services attractive to crypto fund managers."
More than 500 fund managers and other key industry participants were surveyed to compile a nominee shortlist, followed by an online poll of the entire Hedgeweek userbase to determine the winner.
"One of the key differentiating factors for NAV is our proprietary technology. We made numerous upgrades to our systems in 2021, many of which automated crypto admin functions that other administrators handle manually ‐ enabling us to deliver more accurate reporting much faster," said NAV Assistant Vice President Sumit Sharma. "We offer high-value fund administration services with a very economical fee structure. With both traditional and DeFi markets recently taking a significant dip, cost-effective services are critical to overall fund profitability." 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 sixth "Best Administrator" award in 2022 ‐‐ including Best Fund Administrator ‐ Technology at the With Intelligence HFM US Services Awards; Best Fund Administrator for Small/Start-Up Funds at the Fund Intelligence Operations & Services Awards; and Best Fund Administrator at the HFM US Quant Services Awards ‐ in addition to the previously cited Hedgeweek Best Fund Administrator honors at the US and EU Digital Assets Awards