Global Fund Manager strengthens and automates NAV Oversight to meet its fiduciary obligations

It was increasing fund complexity that our client noted as a key reason for choosing to outsource their fund accounting processing to a third-party service provider allowing them to focus on their in-house areas of expertise. However, despite our client no longer performing their own fund accounting function having outsourced it to a TPA, they must still maintain oversight as they retain the responsibility to their clients to look after their best interests. It is this oversight responsibility that is driving the fund managers to seek better solutions to help them manage the burden.
15 August 2018

In a post-Global Financial Crises world, the oversight of funds has placed greater demands on Fund Treasurers: even if they outsource fund accounting, they still carry ultimate responsibility for the operation and governance of the funds. The SEC holds mutual fund companies responsible for any errors in NAV calculations, and requires them to make shareholders ‘whole’ for them.

With headquarters in the USA and fund offerings in multiple geographies, read how this global Fund Management firm recognized the need for greater oversight, yet their ability to review and validate their service provider’s work - NAVs struck, market prices, trades booked, and income and expense transactions recorded - was limited.

Their search for an integrated platform led them to pControl and allowed them to create a center of excellence for oversight, underscoring the company’s market-leading position and reputation.

Download this case study to find out how this was achieved.

Download Case Study | Global Fund Manager strengthens and automates NAV Oversight
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