NEW YORK, NY--(Marketwire - Oct 26, 2012) - HazelTree, a leading provider of Treasury, Portfolio and Compliance services for alternative investment managers, announced today that it has been designated the winner of the 2012 HFMWeek US Hedge Fund Services Award for Best Fund Accounting and Reporting Software.
The honor was accorded to HazelTree earlier this week at a ceremony in New York. The US Hedge Fund Services Awards are designed to recognize those companies that have outperformed their peer group over the course of the last year. HazelTree was evaluated by a panel of independent judges and selected on the basis of demonstrable growth, financial progress and innovation across an array of business services. Given the record number of entries, this year's competition was formidable and particularly challenging.
"HazelTree has been quietly but steadily reinventing this category to give hedge funds the tools and expertise they need to make every basis point count," said company CEO Stephen Casner, adding, "This prestigious honor recognizes our game-changing efforts and we are extremely proud to accept it."
About HazelTree: HazelTree provides hedge fund executives with technology-enabled services for Treasury, Portfolio Management and Compliance that are used to significantly improve a fund's performance while reducing its operational risk.
HazelTree's Treasury services release the 'trapped value' in a fund's counter party relationships through enhanced functionality in cash and margin management, stock loan, stock borrow, counter-party exposure, Fx hedging and reconciliation activities for positions, transactions, cash and security information. HazelTree's Portfolio Management service aggregates positions across all brokers/custodians to deliver a firm-wide view of exposures while providing real-time updates from trading systems and market data, giving clients a true, intra-day view of their funds on custom tailored dashboards as well as smart phones. And HazelTree's Compliance Suite synthesizes all of a fund's disparate data to create a single, automated filing for regulatory reporting like Form PF and AIMFD.
HazelTree has grown at a rapid pace since its founding and now services a client base with an AUM in excess of $80 billion.