Northern Trust Hedge Fund Services (NTHFS) has collaborated with treasury solutions provider Hazeltree to launch a new service that will enable investment managers to keep track of their liquidity position and invest surplus cash.
The new service, dubbed Cash Optimization, will make use of rules-based cash optimisation platform Hazeltree Optimizer to manage cash across all currencies and counterparties.
The platform will be integrated with Northern Trust’s FX and Liquidity Solutions Portal services to help managers monitor broker debit/credit cash positions and carry out FX trades.
It will offer users intraday cash activity and cash projection data from NTHFS to offer a view of cash positions.
Northern Trust said that the service will help it maintain target reserves and generate alpha.
NTHFS CEO Peter Sanchez said: “Cash Optimization is a significant step for investment managers looking to automate what has been a labor-intensive process of managing cash balances, liquidity investments and payments among a complex network of counterparties.
“Our clients are looking for enhanced treasury and collateral functionality and Cash Optimization provides this by incorporating Hazeltree’s innovative technology in a solution hosted on our middle office platform.”
Hazeltree president and CEO Sameer Shalaby said: “We are pleased to collaborate with NTHFS on a solution that offers enhanced treasury functionality to help its clients meet requirements, minimize cash financing costs and invest excess cash in a rising interest rate environment.”