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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......................

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