Hazeltree and HedgeServ partner for treasury solution
30 September 2016 New York
Image: Shutterstock
Hazeltree, a buy-side treasury management solutions provider, and HedgeServ, a global fund administrator, have joined forces to deliver middle-office treasury services to alternative investment managers.
Hazeltree will enhance HedgeServ’s cash management and collateral management services, while HedgeServ will host Hazeltree’s technology.
According to Hazeltree, its cash management solution aggregates custodian, over-the-counter (OTC), money market and prime broker balances onto one set of dashboards, thereby providing HedgeServ’s clients with a streamlined process to optimise their cash balances.
“Clients can automate the collapse of debit and credit spreads, sweep excess cash into investment accounts and manage foreign currency exposure with a fully integrated wire processing engine that integrates the workflow between HedgeServ and its clients,” explained Hazeltree in a statement on the partnership.
HedgeServ’s clients can track their OTC collateral across their counterparties to better understand if they are over- or under-collateralised.
“Our clients are asking for a robust treasury management solution. We believe that Hazeltree offers an industry leading suite of treasury management solutions.” said HedgeServ’s chair Jim Kelly.
“We are already receiving positive feedback from our clients about the value of our combined service offering. We are delighted to be working with the Hazeltree team.”
Hazeltree will enhance HedgeServ’s cash management and collateral management services, while HedgeServ will host Hazeltree’s technology.
According to Hazeltree, its cash management solution aggregates custodian, over-the-counter (OTC), money market and prime broker balances onto one set of dashboards, thereby providing HedgeServ’s clients with a streamlined process to optimise their cash balances.
“Clients can automate the collapse of debit and credit spreads, sweep excess cash into investment accounts and manage foreign currency exposure with a fully integrated wire processing engine that integrates the workflow between HedgeServ and its clients,” explained Hazeltree in a statement on the partnership.
HedgeServ’s clients can track their OTC collateral across their counterparties to better understand if they are over- or under-collateralised.
“Our clients are asking for a robust treasury management solution. We believe that Hazeltree offers an industry leading suite of treasury management solutions.” said HedgeServ’s chair Jim Kelly.
“We are already receiving positive feedback from our clients about the value of our combined service offering. We are delighted to be working with the Hazeltree team.”
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