Integrated cash management and sweep solution enables Ovata Capital to increase
operational efficiencies, minimize risk, and increase yield
NEW YORK and LONDON and HONG KONG, 2018-01-29 09:00 CET (GLOBE NEWSWIRE) --
Hazeltree, a leading provider of treasury solutions, today announced the
successful onboarding of Ovata Capital Management, a Hong Kong-based hedge fund
manager. Ovata is leveraging Hazeltree Cash Manager which is fully integrated
with BNY Mellon's Liquidity DIRECT, an industry-leading multi-currency
investment platform that enables clients to harness BNY Mellon's full suite of
cash, treasury, collateral, financing, trading and custody services. The
combined BNY Mellon-Hazeltree solution helps Ovata streamline cash management
processes and reduce counterparty and operational risks while improving
liquidity and yield.
Ovata Capital chose Hazeltree Cash Manager for its proven ability to easily
aggregate and centralize cash balances across global counterparties; optimize
cash usage and maximize yield while minimizing currency exposure; and
seamlessly automate cash movements with Hazeltree's OneClick Post to its fully
integrated wire management system.
"This integrated solution allows us full transparency around our cash balances
and margin requirements across all of our counterparties. Hazeltree provides us
with an efficient centralized systematic approach to optimize our treasury
function across cash and margin and eliminates the need to use multiple
counterparty portals," said Nicholas Bloom, Ovata Capital's Chief Operating
Officer. "As we launched our fund, we were impressed with Hazeltree's smooth
and fast implementation process, its knowledgeable team, and the tight
integration with BNY Mellon Liquidity DIRECT."
"We are pleased to offer Ovata our integrated solution which efficiently
manages cash needs while investing balances to improve performance," said
Jonathan Spirgel, Head of Global Liquidity and Segregation Services at BNY
Mellon Markets. "The combined solution will help Ovata streamline their cash
management processes as well as enable state-of-the-art robust investment
capabilities and controls around managing balances."
"We are excited to be providing Ovata with an effective treasury solution to
centralize its cash management function," said Sameer Shalaby, President and
Chief Executive Officer of Hazeltree. "We look forward to enabling Ovata to
grow its fund in the months and years to come."
About Ovata Capital Management
Ovata Capital Management is a Hong Kong based Equity Multi Strategy hedge fund
manager established in 2017 focusing on Asian equity markets. Ovata operates
complementary but uncorrelated strategies that are designed to generate
consistent high risk adjusted absolute returns. The fund seeks to benefit from
market and structural inefficiencies through short term relative value, event
driven, liquidity and catalyst opportunities. The partners have a shared
background of working together and a long history of Equity investment and
business management experience.
About Hazeltree
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.
Contact:
Sameer Shalaby, President & CEO
sshalaby@hazeltree.com
646.790.7250© 2018 GlobeNewswire
