HedgeServ Fund Administrator Teams up with Hazeltree to Provide Enhanced Middle-Office Services
(Thomson Reuters ONE) -
Hazeltree enhances HedgeServ's service offering with its integrated treasury
management solution
NEW YORK, LONDON and HONG KONG, Sept. 29, 2016 (GLOBE NEWSWIRE) -- HedgeServ, a
global fund administrator recognized for providing innovative solutions to the
alternative investment industry, and Hazeltree, the leading provider of
integrated buy-side treasury management solutions, today announced a partnership
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," said 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," added Kelly.
"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," said Sameer Shalaby, 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," added Shalaby.
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 optimize 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-collateralized so they can take appropriate action by issuing or
responding to margin calls.
About HedgeServ
HedgeServ is an independent, full-service fund administrator with a client-
centric model. Headquartered in New York City and Dublin, HedgeServ currently
services over $300 billion of assets under administration, with more than 1000
professionals across its eight offices. For more information, visit the
company's website at www.hedgeserv.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: 29.09.2016 - 09:00 Uhr
Sprache: Deutsch
News-ID 497781
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Town:
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Kategorie:
Business News
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"HedgeServ Fund Administrator Teams up with Hazeltree to Provide Enhanced Middle-Office Services"
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