Hazeltree Adds J.P. Morgan Asset Management to LiquidityWeb Platform

Sep 27 2016 | 9:46pm ET

Integrated treasury management specialist Hazeltree has added J.P. Morgan Asset Management (JPAM) to the expanding partner network of the company’s new LiquidityWeb next-generation cash management and sweep platform.

On account of new money market fund rules effective next month, hedge funds and other buy-side participants are facing an environment in which banks are urging them to move cash balances away from prime broker accounts. Hazeltree’s LiquidityWeb platform provides a straight-through process with preferred liquidity providers that seeks to maximize liquidity, increase yield and mitigate counterparty risk, the company said in a statement. 

The partnership with JPAM provides buy-side firms with a direct connection to J.P. Morgan money market funds and a range of safe, liquid, and yield-enhancing opportunities, Hazeltree said. Available investment vehicles will include commercial paper, U.S. Government and U.S Treasury money market funds. 

“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 for JPAM. “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,” added Sameer Shalaby, president and CEO 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, LiquidityWeb provides secure, automated, rules-based “sweep” access to a wide range of liquidity products through Hazeltree’s partner network. 

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.

LiquidityWeb is offered as a standalone solution or integrated into Hazeltree’s award-winning treasury management platform.

Founded in 2009 and headquartered in New York, Hazeltree offers comprehensive treasury management solutions for hedge funds, fund administrators, managed account providers, pension funds, and insurance companies. The firm’s integrated platform includes comprehensive cash management, securities financing, OTC collateral management, counterparty management and margin management capabilities.

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