Hedge fund administrator HedgeServ and Hazeltree, a provider of integrated buy-side treasury management solutions, are teaming up to deliver enhanced middle-office treasury services to hedge funds and other alternative investment managers.
Hazeltree enhances HedgeServ’s offering related to cash management, electronic wire processing and collateral management services. HedgeServ will host Hazeltree’s technology and will complement it with an integrated middle office outsourcing and technology solution.
"Our clients are asking for a robust treasury management solution. We believe that Hazeltree offers an industry leading suite of treasury management solutions,” says Jim Kelly, HedgeServ's chairman. “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.”
"Given the increased regulations in our industry, clients have been focusing on moving away from managing their treasury function on spreadsheets to deploying a more robust technology platform,” says Sameer Shalaby (pictured), president and chief executive officer of Hazeltree. "We are delighted to be working with HedgeServ and its innovative client-focused team to deliver a combined treasury management solution to our combined customers.”
Hazeltree’s cash management solution aggregates custodian, OTC, money market and prime broker balances onto one powerful set of dashboards, offering HedgeServ’s clients 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.
Hazeltree leverages industry-standard SWIFT messaging as well as secure file transfer protocols for wires and securities movements. Hazeltree’s collateral management solution offers HedgeServ clients the ability to track their OTC collateral across their counterparties to better understand if they are over- or under-collateralised so they can take appropriate action by issuing or responding to margin calls.
