Apex Fund Services has unveiled a new three hour hedge fund net asset valuation (NAV) reporting service, called Tzero for fund managers.
Tzero has been designed to offer fund managers a high speed portfolio valuation service, which will use Apex’s real-time portfolio management product Apex Vision to access the reporting tool that can hold any investment style or strategy, according to Hedgeweek.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In addition, Tzero will manage liquid and listed asset classes and will be available to Apex’s clients in any of its 34 global offices.
Using the Apex Vision’s technology, fund managers will be able to access front and middle office solution, live feeds from brokers and custodians, as well as connectivity to its fund accounting system, allowing straight through processing.
Tzero will allow fund managers to report their performance more quickly than their competitors in addition to allowing investors in the funds to monitor their risk effectively.
Furthermore, Tzero service will also include electronic order management, a complete multi-asset portfolio management system and a live web portal.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataPeter Hughes, CEO and founder, Apex Fund Services, said: "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 US$500 million, which is where the alpha is greatest," he added.
