Sat, Sep 22, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Northern Trust partners with Hazeltree on cash management

Tuesday, April 10, 2018

Bailey McCann, Opalesque New York:

Northern Trust Hedge Fund Services has partnered with Hazeltree on a new cash optimization service. The service can help investment managers maintain cash reserves and generate alpha by investing excess cash.

The service uses Hazeltree Optimizer a rules-based cash optimization platform that can also connect with Northern Trust's FX and Liquidity Solutions Portal services. Northern Trust will manage client onboarding as part of the process.

"Cash Optimization is a significant step for investment managers looking to automate what has been a labor-intensive process," said Peter Sanchez, CEO of Northern Trust Hedge Fund Services.

Northern Trust, which manages has approximately $363 billion in assets under administration has a history of partnering with other middle and back office service providers. In January, the company said that it would be bringing the technology development team for Omnium, it's hedge fund administration platform in-house. The Omnium team joins from Citadel following Northern Trust's acquisition of the technology from Citadel in 2011.

The Omnium acquisition created Northern Trust Hedge Fund Services.

Last month, Northern Trust also announced......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. The incredible shrinking hedge fund, For hedge fund stars, being right in 2008 proved to be a curse[more]

    The incredible shrinking hedge fund From Bloomberg: You'd be forgiven for thinking the hedge fund industry might be starting to rebound. Industry assets are at a record $3.2 trillion this year, and a brand-new ?rm just brought in an unprecedented $8 billion. But the reality isn't so rosy.

  2. Investing: Fiat Chrysler attracts more investment from hedge fund manager[more]

    From Autonews: Chase Coleman's Tiger Global Management has invested more than $1 billion in Fiat Chrysler Automobiles after more than doubling its position in the automaker since the end of June. The U.S. fund becomes the fourth biggest investor in the Italian American company. Tiger Global inc

  3. SWF: Saudi Arabia's sovereign wealth fund raises $11bn loan with 15 banks[more]

    From Reuters: Saudi Arabia's sovereign wealth has raised an $11 billion loan from a total of 15 banks, the Maaal financial news website reported on Tuesday, citing unnamed sources. A source with direct knowledge of the matter told Reuters last month that the Public Investment Fund (PIF) will p

  4. Hedge fund billionaire spells out America's worst nightmare, Sir Michael Hintze: Response to global financial crisis elevated populism[more]

    Hedge fund billionaire spells out America's worst nightmare From SMH: Billionaire hedge fund manager Ray Dalio effectively spelled out what doomsday looks like for the US on live television. The founder of Bridgewater Associates predicted the US economy is about two years from a downtur

  5. Lehman's carcass has handed huge profits to distressed funds[more]

    From Bloomberg: It was a bold move: buy at Lehman Brothers's darkest hour. But a decade after Lehman's collapse, a handful of hedge funds that bought up the bank's debt for pennies on the dollar have made even more money than seemed possible. More than $124.6 billion has flowed to Lehman credi