Asset formula

Asset Management Fund Services News

Ultimus Fund Solutions (Ultimus) has chosen FundGuard’s platform to offer its clients additional services to calculate in real time the net asset values ​​(NAV) of their registered funds.

FundGuard is a SaaS platform for investment management and administration, powered by artificial intelligence (AI).

Thanks to the mandate, Ultimus customers will also be able to use the solution for the monitoring of the fictitious NAV as a monitoring of the normal daily NAV calculation process.

Ultimus Fund Solutions is a provider of comprehensive fund administration, accounting, middle office and investor solutions to support the launch and management of registered funds, private funds and public plans.

Commenting on the new solution, Bill Tomko, Head of Fund Services at Ultimus, said, “Business continuity planning is a critical part of our overall service offering to our clients.

“Three years ago, we migrated to a multi-regional cloud server architecture with real-time replication between regions. The FundGuard solution enables us to provide our clients who desire the additional daily monitoring and capabilities of an independent NAV emergency system. »

John Lehner, President of FundGuard, comments: “We have built a next-generation global asset services platform in which the use of cloud and AI fundamentally changes the way asset managers manage their asset servicing needs. Being able to provide a fit-for-purpose NAV contingency solution that significantly reduces the risk of downtime is a key part of this. We look forward to working with Ultimus as they implement this for their customers. »


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