NAV IN THE NEWS

NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, has launched NAV Fund Services (Australia) Pty. Ltd., a new business entity in Australia.

“In evaluating Australia as a potential location, we found a market ideally positioned for the comprehensive range of services, expertise, responsive client support, and competitive fee structure that NAV has established over the last three decades,” said NAV COO Ambuj Garg. "We look forward to introducing Australian fund managers to our flexible administration solutions, backed by a team of 2,250 professionals and a robust and agile proprietary technology platform designed to support every fund structure and asset class traded."

NAV is recognized globally for its award-winning support for emerging funds, efficient transition of services for existing funds, and expertise in cryptocurrency fund administration and was recognized as the top global hedge fund administrator in the HFM Insights Service Provider Rankings and Ratings based on feedback from hedge fund COOs. Since its founding in 1991, NAV has grown to more than 2,000 clients worldwide while maintaining a 99% client retention rate. The company is headquartered in the United States, with facilities in India supporting Back Office services, and locations in the Cayman Islands and Singapore.

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NAV Fund Administration Group deeply appreciates the dedication and compassion with which all healthcare workers throughout India – including nurses, resident doctors, and junior staff -- are working tirelessly to save lives amidst the Covid-19 pandemic. As a small representative token of the company’s deep gratitude and in acknowledgement of this selfless work, NAV has distributed Rs 3000 cash honorariums each to 400 healthcare professionals across various hospitals in Jaipur.

NAV also served a special thank you lunch to 600 nurses and allied healthcare professionals to mark International Nurses Day on May 12, 2021.

“The management team and employees of NAV Backoffice salute the commitment of the thousands of healthcare professionals in India who are serving their communities,” said Anil Agrawal, Managing Director, NAV Backoffice. As Jaipur is our city, we consider it our utmost responsibility to extend our heartfelt support and regard and to thank local health workers for their incomparable contribution to our community during such unprecedented times.”

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NAV Fund Administration has announced donations to help several medical facilities in Jaipur, Rajasthan, India address the Covid-19 emergency. The funds will be used to purchase and distribute needed equipment including oxygen concentrators, oxygen plants in hospitals, Bilevel Positive Airway Pressure (BIPAP) machines, and pulse oximeters; as well as masks and sanitizer for medical personnel and food for patients. The company has committed 1 crore (approximately US$130,000) to the effort and will continue to evaluate crisis conditions and commit additional funds as needed.

"We have pledged to do what we can to help our community hospitals address the overwhelming need for medical supplies and patient support during the current Covid crisis," said NAV Backoffice Managing Director Anil Agrawal. "We want to support our community, our employees, and their families by helping to provide access to what they need to be treated for and recover from Covid.”

Apex Hospital is one of from 8-10 Jaipur-area hospitals that will receive equipment as a result of the NAV donation. Apex Hospital Director Dr. Sachin Jhawar worked with the NAV team to identify the most critically needed materials for his facility. "We are grateful for NAV's support in helping us more effectively manage the large number of patients seeking Covid treatment," Dr. Jhawar said. "It is such positive and encouraging motivation when our area's companies ask how they can help and contribute so quickly and in such a generous way."

NAV has a long history of supporting social programs, both in India and the United States. In India the firm supports food relief efforts via monthly pledged donations to Akshaya Patra Foundation, as well as ongoing sponsorship of educational scholarships and thalassemia treatment programs.

"Our interest is in helping those we live and work with to have a high quality of health and life," said Agrawal. "We are honored to support those fighting so tirelessly to treat our many fellow citizens suffering from Covid."

About Apex Hospitals Apex Hospitals is a chain of multi-specialty hospitals in Rajasthan with facilities in Jaipur & Ranthambore. NABH-accredited Apex Hospitals are amongst the fastest growing hospitals in Rajasthan and aim to deliver top-quality and individual-focused Healthcare services. With a team of experienced doctors and trained staff, advanced medical technology, and state-of-the-art infrastructure, Apex Hospitals provide holistic healthcare services not just to residents of cities, but also to people living in remote locations. Learn more at

https://www.apexhospitals.com/

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NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, has announced a 15% discount on Impact Fund administration fees to demonstrate the firm’s commitment to Environmental, Social, and Governance (ESG) values and Socially Responsible Investing (SRI).

“We are fully supportive of the growing emphasis on socially responsible investing and are proud to promote this important new segment of the investment fund industry in a tangible way,” NAV Chief Operating Officer Ambuj Garg said. “Because we as a company believe so strongly in the principles represented by ESG/SRI practices, we are eager to help support Impact Fund managers whose investment decisions align with those values.”

Beyond the special fee structure, NAV offers the flexibility to support ESG/SRI-specific data and reporting, including the creation of custom reports, and works closely with clients to clearly define and establish report formats and timelines to meet their specific requirements.

“With our own proprietary fund administration technology and an internal team of 200 IT professionals, we are able to rapidly create agile solutions at an excellent industry-leading cost for value,” Garg said. “The NAV team provides the experience that comes with servicing thousands of funds around the globe, representing a wide range of trading strategies and fund structures, including complex funds and asset classes.”

NAV also has in-house expertise in fund administration, compliance, and accounting, with 75% of the team holding advanced degrees and certifications including MBA, JD, CPA, CFA, and CA.

For more information on NAV Impact Fund services, visit the NAV Fund Administration Group website or contact the firm. Beyond providing clients with the support required to manage ESG/SRI investing and reporting, NAV has also made ESG principles part of its own corporate infrastructure.

• Environmental Sustainability Practices environmental conservation within its operations, including the use of solar panels for clean power generation, recycling/reclamation of water and paper goods, and remote work arrangements to reduce commuting and reliance on fossil fuels.

• Social Responsibility Supports philanthropic efforts to benefit children & families in both the United States and India, including social, medical, and educational causes.

• Governance Promotes a diverse, inclusive work environment and committed to fair hiring and employment practices across all locations and all levels of the organization. NAV operations have never been subject to legal or regulatory investigations or actions by any global or regional agencies. Adheres to data security and privacy best practices and is ISO27001 and BS10012 certified. Has both a dedicated team focused on business continuity and an independent Valuation, Risk and Reporting Committee to ensure business stability, compliance, and transparency.

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NAV Fund Administration Group has established a new business location in Singapore. Several initiatives introduced by the Singapore government to develop the country's fund management industry have generated rapid growth, increasing the demand for experienced administrative services.

“Singapore was recently rated as the #1 most politically stable country in Asia and promotes a highly pro-business environment,” said NAV COO Ambuj Garg. “NAV offers the global experience, expertise, and technology required to provide comprehensive, flexible administration services at a competitive value. We specialize in support for emerging funds and seamless administrator transitioning and look forward to the opportunity to partner with Singapore fund managers."
NAV was recognized as the top global hedge fund administrator in the HFM Insights 2020 Service Provider Rankings and Ratings based on feedback from hedge fund COOs. Since its founding in 1991, NAV has grown to more than 1,000 clients -- solely via referrals -- while maintaining a 99% client retention rate. The company is headquartered in the United States, with three facilities in India supporting Back Office and Middle Office services, and a location in the Cayman Islands.

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