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Hazeltree partners with BlackRock to automate cash sweeps

Tuesday, October 11, 2016
Opalesque Industry Update - Hazeltree, a provider of integrated buy-side treasury management solutions, has announced the addition of BlackRock to the expanding partner network of Hazeltree LiquidityWeb, an integrated cash management and sweep platform. This partnership provides mutual clients an efficient way to manage cash and sweep unencumbered free cash to BlackRock money market funds.

Treasurers look to BlackRock for investment solutions that seek to meet their cash needs of safety, liquidity and yield. Over multiple interest rate cycles and varying market conditions, BlackRock has managed cash portfolios for many types of institutional investors including corporations, banks, insurance companies, private equity firms, and hedge funds. As a leader in this asset class, BlackRock has US$374.7 billion in global liquidity assets across multiple currencies as of June 30, 2016.

BlackRock is able to offer clients an investment approach that has been tested through a variety of markets and offers solutions designed to meet the needs of today’s cash investor. This partnership provides a straight-through-process between buy-side firms and BlackRock funds. BlackRock funds will be accessible via Hazeltree LiquidityWeb. HazelTree LiquidityWeb and its partnership with BlackRock come at an ideal time to help hedge funds and other buy-side clients respond to the new Money Market Fund Reform Rules, scheduled to take effect in October for certain US domiciled money market funds.

“Our partnership with Hazeltree reflects our commitment to helping our clients succeed in this demanding environment in their short-term investment needs," said Tom Callahan, Head of BlackRock’s Global Cash Management Business.

"Designed to offer treasurers an integrated view of all their cash positions, Hazeltree LiquidityWeb offers an efficient way to manage cash and sweep unencumbered free cash to money market funds,” said Sameer Shalaby, President and Chief Executive Officer of Hazeltree. “We welcome BlackRock to our expanding partner network and look forward to collaborating with them to provide our clients money market fund products.”

Hazeltree LiquidityWeb 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 BlackRock 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.

Hazeltree LiquidityWeb is offered as a standalone solution or integrated into Hazeltree’s award-winning treasury management platform.

Hazeltree is a 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.

BlackRock is a global n investment management, risk management and advisory services for institutional and retail clients. At June 30, 2016, BlackRock’s AUM was $4.890 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of June 30, 2016, the firm had approximately 12,700 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa.

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