Hedge Fund Awards 2016

http://www.acquisition-intl.com/hedge-fund-awards 88 ~ Most Trusted Hedge Fund Administrator - USA & Recognised Leader in Multi-Advisor Platforms & Complexes NAV, established in 1991, is a privately-owned organization with offices in the United States, India, and Cayman Islands. Executive Vice President Adam Brass talks us through the firm and the role it plays in the global financial industry. Tell me a little about your firm. NAV Fund Administration Group comprises of three operating companies, NAV Consulting, Inc., NAV Fund Services (Cayman) Ltd., and NAV BackOffice IT Solutions Pvt. Ltd. Collectively, we provide complete fund administration, investor services, tax, compliance, regulatory and middle/back office support to the alternative investment industry. We service AUA of US$54 billion for 720 global clients of all types, ranging from multibillion dollar funds to early stage and even pre-launch. Indeed, we are more than happy to work with managers with as small as AUM of $1 million. Furthermore, NAV has the systems to administer every type of alternative strategy, as esoteric as hedge funds trading Bitcoin and illiquid hard assets to CTAs, global macro and private equity. We are also equally comfortable administering fund of funds, family offices and managed account platforms. Over the last 25 years we have seen vast growth in the alternative investment sector. We have been very fortunate in growing our business in line with the industry’s growth entirely through referrals and incoming enquiries. NAV has never employed a salesperson, nor pro-actively pursued new business. I put this down to simply good service. What makes NAV different from other fund administrators? NAV is a privately owned organization, un-conflicted by other business interests and wholly focused on ad- ministration. We also own all of our 131,000 sq. ft. of office space in America and India debt free, including our disaster back-up site. We welcome clients of all types and sizes with, what we believe, is the best value solution in the industry. The core attributes our firm possess that distinguishes us are our 400 dedicated people, highly responsive client servicing, our proprietary cyber-secure technology, and being acknowledged for our reliable fund administration operations, provided at a competitive price. What changes have you seen in the industry over the last 25 years? The major changes in the industry have been across the fields of technology, regulation and compliance. In order to adapt to these changes we have employed a number of measures to ensure we remain ahead of our competitors and provide our clients with the best possible solutions. Can you describe some of the measures you have taken? From a compliance perspective we have adapted our systems and workflow to be compliant with our ISAE 3402 controls, and hold a successful Type II audited by KPMG since 2008. We have also established special- ized teams to manage specific areas of the business to ensure compliance. For instance, we have 50 staff in our Investor Services, Registrar and Transfer Agent team, and all staff are required to complete annual AML training. NAV has been registered as a Transfer Agent with the SEC since 2010. We also implemented FATCA, and just recently, CRS service offering. This implementation consisted of a proprietary FATCA and CRS sup- port model across our client base at no additional cost. The first support for our clients with FATCA reporting to the Cayman Islands DITC and the BVI’s FARS occurred earlier this year. Within one week of Cayman Islands’ announcement for CRS reporting requirements to begin January 2016 our systems were modified to track investors for compliance - a good illustration of the speed with which we can implement such changes. Company: NAV Fund Administration Group Name: Adam Brass, Executive Vice President Email: [email protected] Web: www.navconsulting.net Address: 1 Trans Am Plaza, Suite 400, Oakbrook Terrace, IL 60181, USA Telephone: +1.630.954.1919 ext. 127 NAV Fund Administration Group