T. Rowe Price has implemented Linedata’s automated oversight solution as a way to enhance its Net Asset Value (NAV) across its wide range of investment products.
Linedata’s automated solution Linedata Navquest provides oversight, validation, testing and contingency for the full range of middle office and fund accounting functions, developed from more than 70 customisable controls, using clients’ own rules.
T. Rowe Price Funds’ Treasurer Cathy Mathews said: “NAV accuracy is of paramount importance. Selection of Linedata Navquest reflects our commitment to provide accurate NAVs to our customers by implementing an automated, scalable tool that will allow us to target risks and continuously refine our oversight processes.”
Linedata’s North America head of asset management Arnaud Allmang, commented: “Linedata Navquest is in demand by leading mutual fund managers because its robust, scalable and highly configurable technology and tools for middle office and fund accounting oversight are designed to flexibly solve the challenges of NAV control that today’s complex investment firms must navigate.”
Linedata is a global solutions provider dedicated to the investment management and credit industries with around 1250 employees and 20 offices all over the world.