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John Donohue, JP Morgan

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Hazeltree adds JP Morgan Asset Management to LiquidityWeb cash sweep network

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Hazeltree, a provider of integrated buy-side treasury management solutions, has added JP Morgan Asset Management to the expanding partner network of Hazeltree LiquidityWeb, an integrated cash management and sweep platform.

This new partnership provides a straight-through process between buy-side firms and JP Morgan money market funds to provide safe, liquid, and yield-enhancing opportunities.
 
Available investment vehicles will include commercial paper, US Government and US Treasury money market funds.
 
Hazeltree says the addition of these products will help hedge funds and other buy-side clients respond to the SEC’s new money market fund reform rules, scheduled to take effect in October.
 
“JP Morgan always aims to support the needs of investors with comprehensive cash management capabilities, especially in light of the changing regulatory landscape,” says John Donohue (pictured), head of global liquidity, JP Morgan Asset Management. “This relationship with Hazeltree will provide our mutual clients a streamlined way to manage their cash and sweep functions.”
 
"As we look to the potential for rising interest rates, we have been focused on providing our clients with integrated cash sweep capabilities that provide outstanding ease of access and selection of funds for the safe investment of unencumbered free cash, through a partner network of world-class financial institutions,” says Sameer Shalaby, president and chief executive officer of Hazeltree. “JP Morgan brings a strong reputation and product portfolio to our expanding network of partners.”  
 
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 products through Hazeltree’s partner network, which now includes JP Morgan Asset Management. The products are managed to provide daily liquidity while preserving capital and maximising yield. Its key capabilities also include single-click coordination of all trade (subscription and redemption) and settlement (wires) instructions, client configurable approval workflows and electronic signatories and automated posting of all activities to downstream destinations, including fund administrators and internal PMS or GL applications.

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