Hazeltree Partners with HedgeServ for Middle-Office Fund Services

Sep 30 2016 | 8:46pm ET

Integrated treasury management specialist HazelTree has inked a partnership with global fund administrator HedgeServ 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, the company said in a statement. HedgeServ will host Hazeltree’s technology and will complement it with an integrated middle office outsourcing and technology solution.

In particular, Hazeltree’s cash management solution aggregates custodian, OTC, money market and prime broker balances onto one set of dashboards that offer a streamlined process to optimize cash balances.  With the new partnership, HedgeServ’s 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.

Moreover, 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.

"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.”

"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 CEO 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.”

Both companies are considered innovators in their respective industries, utilizing technology to shake up legacy back-office processes that are challenged by an increasingly complex investment industry environment.

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. 

HedgeServ, also based in New York and founded in 2008, is an independent, full-service fund administrator that currently services more than $300 billion of assets under administration across funds of hedge funds, private equity funds, hybrid credit managers, UCITS funds, managed account platforms, and other institutional investment managers from a single platform.

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