GlobeOp Financial Services has launched the GlobeOp NAV Transparency Report to help fund managers provide investors with greater visibility into the monthly calculation of a portfolio's net asset value.

"Fund managers recognise that good governance attracts further investment," said Tony Glickman, global head of Risk Services at GlobeOp. "Pension funds and other institutional investors, guided by the 'Trust but Verify' principle, have made independent confirmation of assets, positions and valuations a priority. In 2009, GlobeOp saw a 30 percent increase in due diligence meetings with investors, as well as a significant increase in the sophistication and the number of questions asked. Our new NAV Transparency Report clarifies exactly the value we as an administrator add to the NAV production process. Delivered monthly online, its independently derived data provides investors with additional transparency for their ongoing operational due diligence."

"Investors, fund managers, auditors and regulators have all strengthened their focus on fund governance," said Vernon Barback, GlobeOp president and COO. "We believe increased investor reporting is an important, positive change for the hedge fund industry overall."

In a standardised format, the GlobeOp NAV Transparency Report independently confirms pricing sources, position reconciliations, fund assets and liabilities, counterparty risk concentration, portfolio liquidity and where assets are held in custody. Available for traditional hedge funds and managed accounts, the report enables fund managers to enrich investor communications with increased visibility into the portfolio risks of the fund while protecting confidential data.