As part of the validation process of the official NAV, Shadow NAV is the actual calculation of NAV. It may be accomplished effectively with the assistance of the hedge fund manager or outsourced to an experienced service provider such as ASCENT. For Shadow NAV Administrator, you can approach ASCENT which provides a Finance Manager to manage the company’s NAV database, without impacting day-to-day operations. With Shadow NAV Administrator, a finance Manager can create and maintain what is called a shadow database - an exact copy of the live database. The Shadow NAV Administrator can then use this copy to perform tasks done on a daily basis, without impacting the business operations