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Large asset managers have been improving investor returns by applying best practices in cash management and securities financing to their portfolios. Using experienced Treasury Management resources and proprietary technology, they quickly found ways to optimize their cash, credit and debit balances while effectively using leverage in their hard to borrow positions to create significant performance improvement in their investment funds.
Unfortunately, Hedge funds have not had the luxury of following these same performance improvement methods. Operating efficiencies in the hedge fund call for a lean operations group that traditionally need expensive and hard to deploy Treasury management systems to scale their operations to achieve similar performance returns.
In 2010 HazelTree Fund Services was formed to solve this challenge.
HazelTree provides multi-primed hedge funds an easy way to implement Treasury best practices without the same human or financial capital investment the large asset managers needed.
Using a proven and time tested Treasury platform, HazelTree enables their clients to improve fund performance and reduce operating risk while utilizing the fund’s current staff and technology infrastructure. Funds on the Treasury platform have experienced over 100 basis point improvement in their returns, and their cost to gain that improvement was less than 20% of the resulting return. That is correct, HazelTree has proven they can deliver over a 5X return on investment in the very first year of Treasury Management operations!
The company is experiencing significant growth and is currently recruiting talent to help the management team accelerate the adoption of Treasury best practices in the hedge fund community.
The HazelTree management team is:
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Stephen Casner
Chief Executive Officer
Mr. Casner joined HazelTree Fund Services in 2010 and oversees all corporate functions with a focus on achieving maximum value for the company’s clients, employees and investors. Prior to joining HazelTree, Mr. Casner served as CEO of AIM-TO, a provider of data aggregation and risk management systems for the alternative investment industry. Previously, Mr. Casner was the CEO of Picasso Software, Inc., a private equity backed builder of custom software solutions for the world’s largest asset managers. With Mr. Casner’s leadership the company was recognized as one of the fastest growing companies for two years in a row by the SMU/Cox School of Business. Mr. Casner has led other companies to record growth as a senior leader at The Quantra Corporation and U.K. based Frasier Williams.
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Sandeep Rawal
Chief Technology Officer
Mr. Rawal joined HazelTree in 2012 and is responsible for all aspects of technology, product development, implementation and Support. Previously as CTO at Fir Tree Partners, a multi-billion dollar hedge fund, Mr. Rawal was accountable for building out enterprise level state of the art technologies, developing internal systems and implementing products from a number of different vendors. Prior to that he has built, managed, and supported large IT systems and implementation teams at Moore Capital and Maverick Capital. |
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David Scibetta
VP of Sales
Mr. Scibetta joined HazelTree in 2010 as VP of Sales and is responsible for new business development and marketing of all products and services. Prior to joining HazelTree, Dave served as VP of Sales at Enfusion Systems and built their NY client base from scratch. Dave has also sold middle and backoffice applications at SunGard and Fiserv into the hedge fund community. Dave also served as Director of Sales & Marketing at Wellington Financial Systems, a division of Wellington Consulting selling trading desk, broker workstations and inventory management solutions into the Unit Investment Trust and Auction Rate Preferred desks at large financial institutions. Before embarking on a sales career, Dave spent 9 years in IT as a business analyst and project manager with Fiduciary Trust Int’l and InterQuant Capital Advisors.
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Paul Calderone
Managing Director of Operations
Mr. Calderone joined HazelTree Fund Services in 2011, and is responsible for the daily operations of the company. Before joining HazelTree, Mr. Calderone was a Director of Equities, Prime Services at Credit Suisse Securities and was responsible for institutional coverage and product management. Prior to that, Mr. Calderone was with Morgan Stanley & Co where held leadership roles in Product Development, Risk Management, Client Service, Collateral Management, Technology and Operations within the Equity Financing Services department. |
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