Ovata Capital Management, a Hong Kong-based Equity Multi Strategy hedge fund manager, has implemented Hazeltree Cash Manager, which is fully integrated with BNY Mellon’s Liquidity DIRECT, a multi-currency investment platform enabling clients to harness BNY Mellon’s full suite of cash, treasury, collateral, financing, trading and custody services.
The combined BNY Mellon-Hazeltree solution helps Ovata streamline cash management processes and reduce counterparty and operational risks while improving liquidity and yield.
Ovata Capital chose Hazeltree Cash Manager for its proven ability to easily aggregate and centralise cash balances across global counterparties; optimise cash usage and maximise yield while minimising currency exposure; and seamlessly automate cash movements with Hazeltree’s OneClick Post to its fully integrated wire management system.
“This integrated solution allows us full transparency around our cash balances and margin requirements across all of our counterparties. Hazeltree provides us with an efficient centralised systematic approach to optimise our treasury function across cash and margin and eliminates the need to use multiple counterparty portals,” says Nicholas Bloom, Ovata Capital’s Chief Operating Officer. “As we launched our fund, we were impressed with Hazeltree’s smooth and fast implementation process, its knowledgeable team, and the tight integration with BNY Mellon Liquidity DIRECT.”
“We are pleased to offer Ovata our integrated solution which efficiently manages cash needs while investing balances to improve performance,” says Jonathan Spirgel, Head of Global Liquidity and Segregation Services at BNY Mellon Markets. “The combined solution will help Ovata streamline their cash management processes as well as enable state-of-the-art robust investment capabilities and controls around managing balances.”
“We are excited to be providing Ovata with an effective treasury solution to centralise its cash management function,” says Sameer Shalaby (pictured), President and Chief Executive Officer of Hazeltree. “We look forward to enabling Ovata to grow its fund in the months and years to come.”
