Hazeltree Partners with Federated Investors to Automate Cash Sweeps for Buy-Side Clients
New York, London and Hong Kong, April 18, 2017: 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.
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.
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.