Hazeltree Partners with Federated Investors to Automate Cash Sweeps for Buy-Side Clients
(Thomson Reuters ONE) -
NEW YORK, LONDON and HONG KONG, April 18, 2017 (GLOBE NEWSWIRE) -- Hazeltree,
the leading provider of integrated buy-side treasury management solutions, today
announced the addition of Federated Investors to Hazeltree's fast-growing
network of leading financial institutions offering liquidity management and
automated sweep accounts to buy-side fund managers. This partnership provides
mutual clients an efficient way to manage and sweep cash to Federated money
market funds. Hazeltree's partnership with Federated comes at an ideal time for
buy-side clients and their investors, as they benefit from the current rising-
rate environment.
With more than 40 years' experience in liquidity management and industry-leading
resources, Federated can provide numerous options to help investors
strategically allocate cash. From an extensive array of money market funds to a
range of short-duration options managed to deliver enhanced yield potential,
Federated strives to add value in a variety of ways and has built a reputation
for sound portfolio structure and a thorough credit-review process. This
partnership provides a straight-through-process between buy-side firms and
Federated funds.
"Federated's commitment to providing our clients a superior set of options for
allocating and managing cash is exemplified by our new partnership with
Hazeltree," said Brian Ronayne, Federated's Senior Vice President and National
Sales Manager, Capital Markets & Institutional Cash.
"With the continued focus on cash and liquidity management by our clients
globally, Hazeltree is uniquely positioned to deliver an efficient way to
aggregate and manage cross-counterparty cash accounts and sweep unencumbered
free cash to money market funds," said Sameer Shalaby, President and Chief
Executive Officer of Hazeltree. "We welcome Federated to our well-established
partner network and look forward to collaborating with them to provide our
mutual clients with automated access to their liquidity products."
Hazeltree provides an efficient and secure interface to sweep excess cash to a
wide range of liquidity products through Hazeltree's partner network, which now
includes Federated money market funds. With a single click, clients can
subscribe, wire money to fund their purchase, and post their transaction to
their internal general ledger. Similarly, they can redeem, receive their funds,
and update their general ledger.
About Federated
Federated Investors, Inc. is one of the largest investment managers in the
United States, managing $365.9 billion in assets as of Dec. 31, 2016. With 124
funds and a variety of separately managed account options, Federated provides
comprehensive investment management to more than 8,500 institutions and
intermediaries including corporations, government entities, insurance companies,
foundations and endowments, banks and broker/ dealers. For more information,
visit FederatedInvestors.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.
Contact:
Sameer Shalaby, President & CEO
sshalaby(at)hazeltree.com
646.790.7250
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
Unternehmensinformation / Kurzprofil:
Datum: 18.04.2017 - 09:01 Uhr
Sprache: Deutsch
News-ID 536641
Anzahl Zeichen: 4504
contact information:
Town:
New York
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 198 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Hazeltree Partners with Federated Investors to Automate Cash Sweeps for Buy-Side Clients"
steht unter der journalistisch-redaktionellen Verantwortung von
Hazeltree Fund Services (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
