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John Hancock Investments to Implement Linedata Navquest
Linedata announced that John Hancock Investments has chosen Linedata Navquest to enhance its Net Asset Value (NAV) Oversight, NAV Validation and NAV Contingency capabilities.
Linedata Navquest offers oversight, validation, testing and contingency for the full range of middle office functions developed from more than 70 customizable controls, using a client’s own rules. It automatically “double checks” the NAV produced (internally or externally) by applying a series of customizable and independent controls against the data, mitigating risks associated with producing a timely and accurate NAV. Linedata Navquest also has the ability to highlight the specific NAV component which may be responsible for the discrepancy, supporting remediation.
John Hancock Investments is a premier asset manager and one of America’s most trusted mutual fund families offering more than 200 funds to individuals and institutions. “With Linedata Navquest, we are implementing an automated, scalable solution that affirms our commitment to identifying risk and providing accurate NAVs to our customers and to the market,” said Charles A. Rizzo, CFO, John Hancock Group of Funds.
“Our industry leading solution delivers comprehensive, highly customizable middle office oversight for institutional asset managers,” said Arnaud Allmang, North America Head of Asset Management at Linedata. “Linedata Navquest allows market leaders, like John Hancock, to fully utilize our latest technology to deliver auditable, validated, contingent and oversight NAV solutions in today’s challenging market environment.”
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