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鈥檚 cash management and collateral management services, while HedgeServ will host Hazeltree鈥檚 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鈥檚 clients with a streamlined process to optimise their cash balances.
鈥淐lients 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,鈥� explained Hazeltree in a statement on the partnership.
HedgeServ鈥檚 clients can track their OTC collateral across their counterparties to better understand if they are over- or under-collateralised.
鈥淥ur clients are asking for a robust treasury management solution. We believe that Hazeltree offers an industry leading suite of treasury management solutions.鈥� said HedgeServ鈥檚 chair Jim Kelly.
鈥淲e 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.鈥濃��
Hazeltree will enhance HedgeServ鈥檚 cash management and collateral management services, while HedgeServ will host Hazeltree鈥檚 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鈥檚 clients with a streamlined process to optimise their cash balances.
鈥淐lients 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,鈥� explained Hazeltree in a statement on the partnership.
HedgeServ鈥檚 clients can track their OTC collateral across their counterparties to better understand if they are over- or under-collateralised.
鈥淥ur clients are asking for a robust treasury management solution. We believe that Hazeltree offers an industry leading suite of treasury management solutions.鈥� said HedgeServ鈥檚 chair Jim Kelly.
鈥淲e 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.鈥濃��
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