Northern Trust HFS partners with Hazeltree on cash optimization service

Northern Trust Hedge Fund Services announced the launch of Cash Optimization, an automated service for viewing and efficiently managing cash across all currencies and counterparties to meet funding needs, maintain target reserves and generate alpha by investing excess cash.

Developed in partnership with Hazeltree, a treasury solutions provider, the new service offers a comprehensive approach to managing cash based upon current balances, forecasted transactions and market data such as financing, interest and foreign exchange (FX) rates.

The Cash Optimization service leverages Hazeltree Optimizer, a rules-based cash optimization platform, and is fully integrated with Northern Trust HFS to provide clients a single dashboard with additional connectivity to Northern Trust’s FX and Liquidity Solutions Portal services, allowing investment managers to efficiently monitor liquidity, manage broker debit/credit cash positions, perform FX trades, and deploy excess cash. Cash Optimization is enriched with Northern Trust HFS data, including intraday cash activity and Cash Projection, to offer a comprehensive view of liquidity and cash positions.

Read the full release

 

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