Fund Administration Needs To Move From Legacy Systems - Markets Media

Consultancy Celent said in a report last year that the oversight of the production of net asset values for funds could significantly benefit from automation, especially in times of high market volatility and stress. Celent said that production of a firm’s NAV is a crucial activity because if it is delayed or incorrect, there are significant business continuity, reputational, and legal implications, making this a source of stress for fund boards, fund management, and regulators.