Apex Fund Services has launched its three hour hedge fund net asset valuation (NAV) reporting service called Tzero, giving fund managers a high speed portfolio valuation service.
The Tzero service will leverage Apex’s real-time portfolio management product Apex Vision giving managers access to a powerful reporting tool that can accommodate any investment style or strategy.
Tzero is capable of managing all “liquid and listed” asset classes and will be accessible to Apex’s clients in any of its 34 global offices.
Via Apex Vision’s technology, managers are given a front and middle office solution, live feeds from brokers and custodians, as well as connectivity to its fund accounting system, enabling genuine straight through processing. This allows Apex to calculate the NAV within three hours of the market close.
Apex’s Tzero has the double benefit of enabling fund managers to report their performance more quickly than their competitors, which is appreciated by institutional allocators and fund of funds, while at the same time enabling investors in the funds to monitor their risk in a more effective way.
Other advantages of the Tzero service include electronic order management, a full multi-asset portfolio management system and a live web portal.
Peter Hughes, chief executive and founder, Apex Fund Services, says: “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.
“When combined with our capital introductory service investors will look to Apex to help them identify new talented managers with funds under USD500m, which is where the alpha is greatest.”