In a dynamic market environment with increased regulatory scrutiny and a sharp focus on operational resilience, leveraging technology to create a robust NAV oversight process has become critical.
The importance of a robust fund oversight process has come into focus for at least the past decade — a time when net asset value (NAV) activities for many asset managers have moved to an outsourced model. Over this period, operational resilience has become an industry buzzword, with more attention now being devoted to oversight processes. Ally this with increasing complexity associated with a broader investment profile and emerging global regulatory scrutiny, and it is easy to see why NAV oversight and contingent NAV processes are becoming such a hot topic among asset managers as well as asset owners.
About Milestone Group
At Milestone Group, a BNY Company, we have the global perspective, local market engagement, and business mandate to work with the investment industry to drive efficiencies across Oversight functions and improve operational resilience. Since 2011, our pControl™ Oversight Solution has been strengthening oversight functions of leading funds globally. Since 2015 we have innovated and developed a powerful backup NAV capability, enabling organisations to both demonstrate and put in place an effective contingency plan to deal with the possibility of a limited or sustained service provider outage. Our pControl™ Backup NAV is fully integrated with the automated pControl™ Oversight capability leading to an accurate, high confidence, and low-cost solution for outsourced functions.
For more information:
- Visit us at milestonegroup.com/solutions/oversight
- Access the Factsheet | pControl™ Oversight and Backup NAV Solution
- Contact us to discuss your requirements in more detail