Apex Launches Fastest Hedge Fund NAV Tool

Apex Fund Services has launched a three hour hedge fund net asset valuation (NAV) reporting service, Tzero, which makes it the world’s fastest hedge fund portfolio valuation service.

Tzero will leverage another Apex tool, Apex Vision, which provides real-time portfolio management. Apex Vision’s technology adds live feeds from brokers and custodians into Tzero, as well as connectivity to its fund accounting system, enabling straight through processing. As a result, Apex can calculate the NAV within three hours of the market close.

Tzero, which uses a live web portal, can manage all liquid and listed asset classes, and also adds the services of electronic order management and a multi-asset portfolio management system.

“Faster valuations are an important step in the evolution of the asset management industry and will be welcomed by institutional investors who require superior fund infrastructures, liquidity and transparency,” says Peter Hughes, chief executive and founder, Apex.