Definition: An independent valuation of a fund’s NAV, typically produced in parallel to the official NAV generated by the fund administrator, for purposes of comparison and error detection.
Example: A hedge fund utilizes a third-party administrator to calculate its official monthly NAV separately from the fund admin.
Explore the IVP NAV Solution
The IVP NAV Solution can provide a full shadow NAV for funds. It enables real-time NAV finalization for multiple funds with complete traceability for specific NAV components. It centralizes NAV oversight in one intuitive experience with automated exception identification and trend analysis, so asset managers can quickly and easily remediate NAV anomalies at the key component, share class, and security level.
