Designed for the manager's middle office and treasury teams, InfoNAV allows them to monitor net asset value (NAV) creation performed by their third party fund administrators. In addition to calculating a secondary or informational NAV at the share class level, InfoNAV allows asset managers to compare that secondary NAV to the administrator's NAV, highlighting specific variations that may require review or risk mitigation.

Asset managers increasingly require daily administrator oversight as they face the challenge of managing complex data sets amid more stringent regulations. “While an asset manager's underlying fund administrator will always be responsible for the ‘official’ NAV calculation, InfoNAV facilitates an independent secondary NAV capability without the overhead of an additional administrator or duplicate operations," said Christian Bolanos, Senior Vice President within the firm’s Investor Services Fintech organization. “Both asset managers and regulators are demanding new oversight models, so control and transparency into the operational process and output are imperative. Our clients have seen the value InfoNAV provides in creating a daily secondary NAV for comparison to their administrators."

Applying expertise and continued investments in machine learning, artificial intelligence, and other emerging technologies, BBH plans to introduce additional tools to further facilitate asset manager control and transparency, including those designed to detect NAV anomalies, provide NAV calculation status, and classify reconciliation breaks.