Brown Brothers Harriman Releases Secondary-NAV Tool for Administrator Oversight

The firm has bolstered its middle-office outsourcing tools with the release of InfoNAV and aims to include AI features in the future.

overisght

The lightweight, secondary net asset value (NAV) tool takes in yesterday’s positions and applies the current day’s valuations and market events to arrive at the calculation. It is not an accounting engine, and can thus be used without the additional overhead costs of an integrating a specialized accounting system, says Christian Bolanos, senior vice president within BBH’s Investor Services Fintech unit.

InfoNAV—which is geared toward asset managers’ middle-office and treasury teams and was developed by Brown Brothers Harriman’s outsourcing solutions unit Infomediary—allows for greater oversight of fund administrators by allowing the asset manager to compare the secondary NAV to the administrator’s NAV and to reconcile inconsistencies.

“There has been a heightened focus on providing oversight for an asset manager’s administrators, particularly around NAV calculation, whether from internal fund boards or from [regulators]… and that’s how the need for this particular kind of tool came to light,” Bolanos says.

He says that the firm is also starting to incorporate artificially-intelligent (AI) tools, including machine learning, into its middle-office outsourcing capabilities to help detect NAV anomalies, provide NAV calculation statuses, and classify reconciliation breaks.

“InfoNAV is one of a series of modules that we’re starting to evaluate and bring to market that will take in components of AI and machine learning,” he says. “Our intent for the future will be to leverage some of the work that our teams are doing around AI and begin to apply some of that logic to the InfoNAV calculations, to better spot trends and provide analysis around deviations that may occur.”

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here