HazelTree to expand North American operations 05 October 2011New York Reporter: Justin Lawson
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HazelTree Fund Services will be expanding its operations westward with the opening of its newest office in the San Francisco Bay area, headed by Daniel Osborne, former partner, COO and CTO of Conifer Securities, LLC.
“HazelTree launched in January of this year and already we are servicing clients with a combined AUM in excess of $30 billion,” announced the company’s CEO Stephen Casner. “Given our success in New York, coupled with increasing demand from the Pacific Rim, it was a natural next step to expand our operations to the West in order to better serve our clients within this region.” Casner added, “HazelTree knows how to deliver that special edge hedge fund executives need today in order to stay at the top of their game, and Dan and our new West Coast team are further proof of that.”
Operating well ahead of business plan projections, HazelTree’s success has been driven by client demand for Treasury Suite, its robust Treasury Management solution, as well as the firm’s unique business model.
“The approach we are taking is very different from your standard technology model in that it allows Hedge Fund executives to improve performance through Operational Alpha, a solution that is strictly value-added,” said Osborne. He attributed the success of HazelTree’s platform to the fact that it was built by a Hedge Fund for use by other Hedge Funds, with a performance that has been proven over time.
“HazelTree is leading the charge in creating innovative tech solutions for a rapidly changing financial environment,” Osborne added, “and I am confident that we will quickly establish HazelTree as a critical resource for fund services in the West.”
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