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Home / Features / Reconciliations

Multi-source reconciliation, automated.

Match positions, cash, and NAV across every custodian, prime broker, fund administrator, and on-chain wallet. HedgeGuard’s reconciliation engine flags breaks in real time, routes them through an SLA-driven workflow, and logs every resolution with full audit evidence — across TradFi and crypto, in one consolidated book.

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HEDGEGUARD_RECON · BREAKS DASHBOARD RUNNING
Sources 3
Matched 98.4%
Breaks 14
Position reconciliation
Northern Trust vs internal book Custodian 1,247 / 1,250
Morgan Stanley vs internal book Prime broker 3 breaks
Fireblocks vs on-chain Crypto custody All matched
Cash reconciliation
EUR account · Caceis Margin call 2 breaks
USD account · State Street Sub/redemption Reconciled
NAV reconciliation
Shadow NAV vs admin Fund level 9bp variance
Share-class NAV Class A · Class B Pre-validated
14 breaks today 8 auto-resolved Last sync 14:32:08
01 / Three pillars

Position. Cash. NAV.

Three independent reconciliation streams running continuously throughout the day — matching the internal book against custodian feeds, fund-admin records, and external valuations.

01

Position reconciliation

Match holdings between the internal book and every external source — custodians, prime brokers, crypto custody, and on-chain wallets. Quantity, security, account, and corporate-action adjustments tracked line by line.

02

Cash reconciliation

Counterparty cash-account reconciliation, fees and interest accrual checks, subscription and redemption matching, margin-call validation, and receivables/payables reconciliation against statements.

03

NAV reconciliation

Shadow NAV calculated independently and matched against the fund administrator’s official NAV, at both fund and share-class level. Variance flagged before publication, with full attribution.

02 / Architecture

Tripartite by design.

Three independent record-keepers, one reconciliation engine. Every transaction is matched against multiple sources of truth — eliminating the single-source-of-failure risk that plagues spreadsheet workflows.

  • Custodian feeds for positions, cash, and holdings
  • Fund administrator NAV file for official valuations
  • HedgeGuard shadow book with real-time trade ingest
TRIPARTITE RECON · SOURCES & MATCH CONTINUOUS
Tripartite reconciliation architecture Three independent sources matched against the internal book by the HedgeGuard recon engine. Three independent sources Custodian · Administrator · HedgeGuard book Custodian feeds Northern Trust, Fireblocks… Positions, cash, holdings Administrator Fund admin NAV file Official valuations HedgeGuard book Shadow positions & cash Real-time trade ingest Recon engine Position match · cash match · NAV pre-validation · break detection Matched 98.4% auto Breaks queue 1.6% · manual review
Continuous matching throughout the day Multi-source: TradFi + crypto Audit-ready evidence trail
03 / Break management

Detect. Investigate. Resolve. Audit.

When the recon engine flags a break, it routes through a structured workflow — auto-assigned to the right analyst, tracked against an SLA, and logged with timestamped evidence at every stage. No spreadsheet free-for-all.

BREAK MANAGEMENT · LIFECYCLE 4 stages
Break management lifecycle Four stages: detect, investigate, resolve, audit. Break management Every break tracked from detection to audit-ready evidence 01 · Detect Auto-flag mismatches 02 · Investigate Trace source data 03 · Resolve Adjust · reissue 04 · Audit Log evidence Each break is timestamped, attributed, and resolution-tracked with full audit trail.
SLA-driven workflow Auto-routing to analyst queues Linked to client/asset records
04 / Run it yourself or have us run it

Two ways to operate.

01 / IN-HOUSE

Your team uses the platform

HedgeGuard’s recon module is configured for your custodians, brokers, and fund admins. Your ops team drives the matching, investigates breaks, and signs off on NAV. Audit trail and workflow built in.

02 / MANAGED SERVICE

HedgeGuard’s middle-office team runs it for you

A dedicated team of seasoned middle officers operates the reconciliation workflow on your behalf u2014 matching, investigating, and resolving breaks under your brand.

See middle-office services →
05 / FAQ

Reconciliation & break management.

Automated reconciliation matches positions, cash, and economic terms across custodians, prime brokers, fund administrators, and on-chain wallets — flagging breaks for review instead of manual spreadsheet checking.
HedgeGuard reconciles across traditional custodians and prime brokers, centralized crypto exchanges, and on-chain wallets — bringing TradFi and digital asset records into a single tri-party match.
Every match, break, and resolution is logged with a full audit trail. Evidence is export-ready and linked to asset and client records, supporting regulatory checks and due diligence.
Yes. A dedicated HedgeGuard operations team can operate reconciliation on your behalf as part of outsourced middle-office services, under your brand.
Yes. Automated reconciliation is core to HedgeGuard. The platform reconciles positions, cash, and NAV across your custodians, brokers, exchanges, and internal book, flags breaks automatically, and feeds a clean book of record into your accounting and reporting — replacing manual, spreadsheet-based reconciliation.
A tri-party reconciliation matches three independent records of the same book: the custodian's positions and cash, the fund administrator's official NAV, and HedgeGuard's internal shadow book. Because no single source is treated as authoritative, an error in any one of them surfaces as a break rather than being inherited silently. This is the structural difference from a two-way custodian reconciliation, and it's what makes shadow NAV meaningful.
Next step

See your breaks dashboard live.

Book a working session. We’ll walk through your current recon process, your sources, and what the breaks dashboard looks like with your data.

Book a session Talk to a recon lead