Ovata Adds Hazeltree Cash Manager
A press release entitled, "Ovata Capital Optimizes Cash Management with Hazeltree," tell us, "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." Nicholas Bloom, Ovata Capital's COO, comments, "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." Jonathan Spirgel, Head of Global Liquidity and Segregation Services at BNY Mellon Markets, adds, "We are pleased to offer Ovata our integrated solution which efficiently manages cash needs while investing balances to improve performance."
