Integrated cash management and sweep solution enables Senrigan Capital to streamline connectivity to Goldman Sachs Asset Management with goal of seeking to mitigate counterparty risk and maximize liquidity
New York, London and Hong Kong, September 13, 2016 – Hazeltree, the leading provider of integrated buy-side treasury management technology solutions, today announced the launch of Hazeltree LiquidityWeb™, an integrated cash management and sweep technology platform. This next-generation platform provides a straight-through-process between buy-side firms and their preferred liquidity providers with the goal of seeking to maximize liquidity, increase yield and mitigate counterparty risk in an increasingly regulated environment.
“Senrigan has been leveraging Hazeltree’s fully integrated treasury solution to manage its cash, collateral and margin needs,” said Chris Nash, Chief Operating Officer of Senrigan Capital. “By adding Hazeltree LiquidityWeb, we replaced a multi-step end-of-day process of moving cash and subscribing to or redeeming from Goldman Sachs Asset Management’s family of money market funds with one secure and automated function,” added Nash.
“As a consequence of a tightening regulatory environment, banks are urging hedge funds and other buy-side firms to move cash balances away from their prime broker accounts. Hazeltree LiquidityWeb enables our clients to respond to these new challenges in an efficient manner that both captures unrealized alpha from operations and reduces cost,” said Sameer Shalaby, President and Chief Executive Officer of Hazeltree.
Instead of manual cash transfers with each counterparty, typically the most common practice today, Hazeltree LiquidityWeb provides secure, automated, rules-based “sweep” access to a wide range of liquidity solutions through Hazeltree’s expanding partner network, including Hazeltree’s first strategic partner, Goldman Sachs Asset Management (GSAM). The solutions are managed by seeking to provide daily liquidity while preserving capital and maximizing yield.
Hazeltree LiquidityWeb is offered as a standalone solution or integrated into Hazeltree’s award-winning treasury management platform.
About Senrigan Master Fund, an investment vehicle managed by Senrigan Capital
Senrigan Capital is an asset management company founded by Nick Taylor in 2009 to focus on Asia Pacific event-driven strategies. The firm invests in companies undergoing, or anticipated to undergo, transformative events, including but not limited to mergers, acquisitions and capital markets transactions.
About Goldman Sachs Asset Management
The GSAM Global Liquidity Management (GLM) team provides money market and short duration fixed income solutions with more than $277.0 billion assets under management as of September 30, 2015. With more than 30 years of liquidity management experience, GLM remains a core capability within GSAM and serves many of the world’s most discerning liquidity managers.
Goldman Sachs Asset Management is the asset management arm of The Goldman Sachs Group, Inc. (NYSE: GS), which oversees $1.19 trillion as of September 30, 2015. Goldman Sachs Asset Management has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. For more information please visit www.GSAMFunds.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.