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October 25, 2017

T. Rowe Price taps Linedata for NAV oversight

American investment management firm T. Rowe Price has chosen Linedata Navquest in order to improve oversight and boost Net Asset Value (NAV) across its investment line-up.

Linedata Navquest offers oversight, validation, testing and contingency for middle office and fund accounting functions.

At the same time, the solution can also be used to pinpoint the specific NAV component responsible for a discrepancy.

Rowe Price Funds treasurer Cathy Mathews said: “Selection of Linedata Navquest reflects our commitment to provide accurate NAVs to our customers by implementing an automated, scalable tool that will allow us to target risks and continuously refine our oversight processes.”

Linedata head of asset management for North America added: “Linedata Navquest is in demand by leading mutual fund managers because its robust, scalable and highly configurable technology and tools for middle office and fund accounting oversight are designed to flexibly solve the challenges of NAV control that today’s complex investment firms must navigate.”

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