Hazeltree Introduces Integrated Cash Management and Sweep Platform - Hazeltree LiquidityWeb(TM)
(Thomson Reuters ONE) -
Integrated cash management and sweep solution enables Senrigan Capital to
streamline connectivity to Goldman Sachs Asset Management with goal of seeking
to mitigate counterparty risk and maximize liquidity
NEW YORK, LONDON and HONG KONG, Sept. 13, 2016 (GLOBE NEWSWIRE) -- Hazeltree,
the leading provider of integrated buy-side treasury management technology
solutions, today announced the launch of Hazeltree LiquidityWeb(TM), an
integrated cash management and sweep technology platform. This next-generation
platform provides a straight-through-process between buy-side firms and their
preferred liquidity providers with the goal of seeking to maximize liquidity,
increase yield and mitigate counterparty risk in an increasingly regulated
environment.
"Senrigan has been leveraging Hazeltree's fully integrated treasury solution to
manage its cash, collateral and margin needs," said Chris Nash, Chief Operating
Officer of Senrigan Capital. "By adding Hazeltree LiquidityWeb, we replaced a
multi-step end-of-day process of moving cash and subscribing to or redeeming
from Goldman Sachs Asset Management's family of money market funds with one
secure and automated function," added Nash.
"As a consequence of a tightening regulatory environment, banks are urging hedge
funds and other buy-side firms to move cash balances away from their prime
broker accounts. Hazeltree LiquidityWeb enables our clients to respond to these
new challenges in an efficient manner that both captures unrealized alpha from
operations and reduces cost," said Sameer Shalaby, President and Chief Executive
Officer of Hazeltree.
Instead of manual cash transfers with each counterparty, typically the most
common practice today, Hazeltree LiquidityWeb provides secure, automated, rules-
based "sweep" access to a wide range of liquidity solutions through Hazeltree's
expanding partner network, including Hazeltree's first strategic partner,
Goldman Sachs Asset Management (GSAM). The solutions are managed by seeking to
provide daily liquidity while preserving capital and maximizing yield.
Hazeltree LiquidityWeb is offered as a standalone solution or integrated into
Hazeltree's award-winning treasury management platform.
About Senrigan Master Fund, an investment vehicle managed by Senrigan Capital
Senrigan Capital is an asset management company founded by Nick Taylor in 2009
to focus on Asia Pacific event-driven strategies. The firm invests in companies
undergoing, or anticipated to undergo, transformative events, including but not
limited to mergers, acquisitions and capital markets transactions.
About Goldman Sachs Asset Management
The GSAM Global Liquidity Management (GLM) team provides money market and short
duration fixed income solutions with more than $277.0 billion assets under
management as of September 30, 2015. With more than 30 years of liquidity
management experience, GLM remains a core capability within GSAM and serves many
of the world's most discerning liquidity managers.
Goldman Sachs Asset Management is the asset management arm of The Goldman Sachs
Group, Inc. (NYSE:GS), which oversees $1.19 trillion as of September 30, 2015.
Goldman Sachs Asset Management has been providing discretionary investment
advisory services since 1988 and has investment professionals in all major
financial centers around the world. The company offers investment strategies
across a broad range of asset classes to institutional and individual clients
globally. Founded in 1869, Goldman Sachs is a leading global investment banking,
securities and investment management firm that provides a wide range of
financial services to a substantial and diversified client base that includes
corporations, financial institutions, governments and high-net-worth
individuals. For more information please visit www.GSAMFunds.com.
About Hazeltree
Hazeltree is the leading Treasury Management solution provider, serving hedge
funds, asset managers, fund administrators, insurance companies and pension
funds with powerful, proactive performance enhancement and risk mitigation
capabilities that generate operational alpha, reduce a range of risks and
streamline operations. Hazeltree's integrated treasury management solution
includes comprehensive cash management, securities financing, collateral
management, counterparty management and margin management capabilities.
Hazeltree is headquartered in New York with offices in London and Hong Kong. For
more information, please visit www.hazeltree.com.
Sameer Shalaby, President & CEO
646.790.7250
sshalaby(at)hazeltree.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hazeltree Fund Services via GlobeNewswire
Datum: 13.09.2016 - 09:00 Uhr
Sprache: Deutsch
News-ID 494312
Anzahl Zeichen: 5478
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Town:
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Kategorie:
Business News
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"Hazeltree Introduces Integrated Cash Management and Sweep Platform - Hazeltree LiquidityWeb(TM)"
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