GlobeOp product aims to give hedge fund investors enhanced portfolio transparency

GlobeOp Financial Services has launched a product to help hedge fund managers demonstrate good governance and provide investors full visibility into the portfolio’s net asset value (NAV).

Known as the NAV transparency report, it will offer information on pricing sources, position reconciliations, fund assets and liabilities, counterparty risk concentration, portfolio liquidity and custody of assets.

The data can be viewed online as part of the monthly GoBook investor statement package.

GoBook, based on independent third party information, is generated from the trade and accounting data GlobeOp maintains for its hedge fund clients. The platform enables investors to access portfolio risk analytics, monthly statements, performance and performance attribution reports and manager newsletters.

The NAV transparency report was developed as a result of investor demand for better operational risk management at fund level as well as greater due diligence.

In 2009 GlobeOp's due diligence meetings with investors increased by 30%.

"Fund managers recognise that good governance attracts further investment. Pension funds and other institutional investors have made independent confirmation of assets, positions and valuations a priority," said Tony Glickman, global head of risk services at GlobeOp.