Hazeltree Adds HSBC Asset Management to Growing Roster of LiquidityWeb Partners

Oct 18 2016 | 7:24pm ET

Integrated treasury management specialist Hazeltree has announced the addition of HSBC to the steadily expanding list of partners on the company’s new LiquidityWeb next-generation integrated cash management and sweep platform.

The addition marks the third major institution to join the network in the past two months, following BlackRock and JP Morgan Asset Management. As with those partnerships, the deal with HSBC will offer clients of HSBC’s Global Asset Management money market funds with an efficient, secure way to sweep unencumbered free cash into diversified portfolios of high quality liquid assets with competitive yields.

Other partners in the network include Goldman Sachs Asset Management, Senrigan Capital and HedgeServ, Hazeltree said in a statement. More partnerships with major financial institutions and hedge fund industry players will follow, and come at a time when buy-side clients continue to be challenged by global regulatory changes and the implications they have on traditional deposit taking activity.

HSBC Global Asset Management is one of the largest managers of offshore AAA-rated money market funds, as well as offering investment solutions that span a wide range of geographies, currencies, risk levels and durations. The company has liquidity operations in over 14 different locations.

“We welcome HSBC Global Asset Management to our expanding partner network, and look forward to collaborating with them to provide our mutual clients access to their unique variety of liquidity products,” said Sameer Shalaby, CEO of Hazeltree.

“Today’s global trading environment demands a clear focus on effective cash management by integrating intelligent sweeps to preserve cash and provide effective yields," he continued. "Hazeltree LiquidityWeb offers a streamlined way to manage those treasury activities.”

Hazeltree LiquidityWeb provides an efficient secure interface to sweep excess cash to a range of liquidity products from several of the world’s leading financial institutions, now including HSBC Global Asset Management. 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. 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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