You've most likely heard of Shadow NAV Administrator, but what precisely do they do? Shadow NAV Administrator is responsible for the Shadow NAV, or NAV computation. Shadow NAV Administrator disburses money in accordance with the NAV calculation. The Shadow NAV is the real NAV calculation that has been completed with the goal of validating the official NAV. It may be accomplished effectively with the assistance of the hedge fund manager or outsourced to an experienced service provider. Indeed, the fund might hire a second Shadow NAV Administrator to determine the shadow NAV's real value.