SCOTTSDALE, Ariz., Aug. 25, 2017 /PRNewswire/ -- Monetary Metals announces that its Gold Exponential Fund™ is now supervised by third-party fund administrator, NAV Consulting Group. The fund has been operating for five years and has been given a clean report every year by its auditor, Clifton Larson Allen. A third-party fund administrator brings an additional layer of controls to ensure that the trades and assets in the fund are reported accurately.
"Adding a third-party fund administrator is the next logical step in maturing our fund," said Keith Weiner, CEO of Monetary Metals. "We chose NAV because they have a good reputation and administer over $63 billion of fund assets."
"We are pleased to have been selected as Monetary Metals' administrator," said Nav Gupta, Chairman and President of NAV Group. "We are looking forward to working with their team and contributing to the Fund's success."
About Monetary Metals
Monetary Metals® is Unlocking the Productivity of Gold™ by offering a Yield on Gold, Paid in Gold® to investors, and gold financing, simplified™ to gold-using businesses. The company manages the Gold Exponential Fund™, which provides a way for investors to own gold and earn a yield by trading between gold and silver. Monetary Metals publishes groundbreaking research to help investors understand the emerging role of gold as the ultimate measure of wealth, including the MM GOFO™ gold forward rate.
About NAV Fund Administration Group
NAV Fund Administration Group ("NAV") is a fund administrator with over 26 years of experience in providing a comprehensive fund service offering to the hedge fund industry that includes accounting, reporting, investor servicing, and middle and back-office support. NAV is ranked among the top 10 fund administrators in the world by number of funds, serving a global client base of over 850 clients. With assets under administration of US$65 billion and over 500 employees, NAV differentiates itself in the industry through its independence, proprietary technology, and client retention.
SOURCE Monetary Metals