Ultimus Fund Solutions (Ultimus) has selected FundGuard’s platform to offer its clients additional services to calculate real time contingent net asset values (NAVs) for their registered funds.
FundGuard is a SaaS platform for investment management and administration, powered by artificial intelligence (AI).
Through the mandate, Ultimus’ clients will also be able to utilise the solution for shadow NAV monitoring as an oversight to the normal daily NAV calculation process.
Ultimus Fund Solutions is a provider of full-service fund administration, accounting, middle office, and investor solutions to support the launching and servicing of registered funds, private funds, and public plans.
Commenting on the new solution, Bill Tomko, head of fund servicing at Ultimus, says: “Business continuity planning is a critical component of our overall service offering to our clients.
“Three years ago, we migrated to a multi-region cloud-based server architecture with real-time replication between regions. The FundGuard solution allows us to provide our clients who want the additional daily oversight and capabilities of an independent NAV contingency system.”
John Lehner, president of FundGuard, comments: “We have built a new generation global asset servicing platform in which the use of the cloud and AI fundamentally changes the way asset managers handle their asset servicing requirements. Being able to provide a fit-for-purpose NAV contingency solution that massively reduces outage risks is a key part of this. We look forward to working with Ultimus as they implement this for their clients.”
