The customer
Tetragon, a $42bn UK based asset manager, operating across a diverse portfolio of hedge funds, private equity, and credit strategies.
The challenge
Tetragon Financial Group faced a complex operational challenge in reconciling internal and external position data for accurate and timely month-end NAV reporting and sought a solution that would streamline and automate the process.
The approach
Tetragon selected HUB NAV Oversight, a SaaS solution which simplifies and automates its NAV oversight process.
HUB has delivered to Tetragon an efficient solution which onboards and joins data from multiple systems enabling Tetragon to automate position matching and streamline exception management through embedded workflow.
- Capturing and standardizing data across multiple data sources – OMS, fund administrator and accounting
- Automated instrument matching and exception handling
- A governed, exception-based workflow eliminating manual process and spreadsheets
The outcome
A governed, exception-based workflow eliminating manual process and spreadsheets.
Tetragon successfully transitioned from manual reconciliation to a fully automated NAV oversight process. Key benefits included:
- Time savings: Reconciliation time reduced from days to minutes
- Improved accuracy: Exception-based workflows eliminated manual errors
- Scalability: Infrastructure now supports future fund launches and data expansion
- Governance: Full audit trail and data lineage across all NAV processes
Implementation highlights
- Zero-cost PoV: Delivered under NDA with full onboarding support
- Lightweight Implementation: onboarded with limited disruption to the team
- Simple & Straightforward Commercials