Hazeltree Adds J.P. Morgan Asset Management to Hazeltree LiquidityWeb(TM) Cash Sweep Network of Partners
(Thomson Reuters ONE) -
Integrated cash management and sweep solution adds more liquidity sources with
the addition of J.P. Morgan Asset Management
NEW YORK, LONDON and HONG KONG, Sept. 27, 2016 (GLOBE NEWSWIRE) -- Hazeltree,
the leading provider of integrated buy-side treasury management solutions, today
announced the addition of J.P. Morgan Asset Management to the expanding partner
network of Hazeltree LiquidityWeb(TM), an integrated cash management and sweep
platform.
This new partnership provides a straight-through process between buy-side firms
and J.P. Morgan money market funds to provide safe, liquid, and yield-enhancing
opportunities. Available investment vehicles will include commercial paper, U.S.
Government and U.S Treasury money market funds. The addition of these products
comes at an ideal time to help hedge funds and other buy-side clients respond to
the SEC's new money market fund reform rules, scheduled to take effect in
October.
"J.P. Morgan always aims to support the needs of investors with comprehensive
cash management capabilities, especially in light of the changing regulatory
landscape," said John Donohue, Head of Global Liquidity, J.P. Morgan Asset
Management. "This relationship with Hazeltree will provide our mutual clients a
streamlined way to manage their cash and sweep functions."
"As we look to the potential for rising interest rates, we have been focused on
providing our clients with integrated cash sweep capabilities that provide
outstanding ease of access and selection of funds for the safe investment of
unencumbered free cash, through a partner network of world-class financial
institutions," said Sameer Shalaby, President and Chief Executive Officer of
Hazeltree. "J.P. Morgan brings a strong reputation and product portfolio to our
expanding network of partners."
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 products through Hazeltree's
partner network, which now includes J.P. Morgan Asset Management. The products
are managed to provide daily liquidity while preserving capital and maximizing
yield. Its key capabilities also include single-click coordination of all trade
(subscription and redemption) and settlement (wires) instructions, client
configurable approval workflows and electronic signatories and automated posting
of all activities to downstream destinations, including: fund administrators and
internal PMS or GL applications.
Hazeltree LiquidityWeb is offered as a standalone solution or integrated into
Hazeltree's award-winning treasury management platform.
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: 27.09.2016 - 09:00 Uhr
Sprache: Deutsch
News-ID 497147
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Business News
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"Hazeltree Adds J.P. Morgan Asset Management to Hazeltree LiquidityWeb(TM) Cash Sweep Network of Partners"
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