HazelTree has announced they have successfully implemented their next generation Treasury system at Carrhae Capital…
An independent asset management firm that focuses on global equities that have substantial exposure to emerging markets, London based Carrhae experienced sustained growth and exceptional net returns of over 18% for 2013 on composite assets under management.
Carrhae is joining a group of London based funds who have decided to use HazelTree to support growth objectives in the face of increased investor demands and new regulation and compliance environments. The increased focus on upgrading treasury management infrastructures highlights a continued trend among European funds to enhance business models to address investor requirements and more diverse and widespread regulation.
Adrian Headon, the fund’s COO: “We did extensive due diligence on HazelTree and were quite impressed with what they have achieved in creating a single Treasury platform for hedge fund managers. Their systems are no doubt best suited to our requirements and allow us a new level of control over our Treasury functions. This increased control is a significant part of our growth strategy, as inevitably the focus on operational efficiency and strong counter party relationships will rise as we expand our business and grow assets under management.”
Stephen Casner, CEO of HazelTree, commented: “HazelTree is excited about Carrhae joining the growing list of top tier hedge funds that use our products. Over $150 billion in assets are tracked in our systems every day by fund managers in London, Zurich, New York, San Francisco, Hong Kong and Singapore. We help these managers improve relationships with 12+ prime brokers, 50+ OTC trading organizations and multiple custody banks. As our global expansion continues to accelerate, offering direct sales support from our new London office as well as our “follow the sun” support model from our New York and Hong Kong support centers we look forward to being as compelling a provider to European funds as we are for our US based customers.”
Carrhae Capital is a privately held investment boutique, headquartered in London. Regulated by the FCA and registered with the SEC, Carrhae manages capital on behalf of institutional clients and family offices based in the US, Europe, and Asia. Their goal is to deliver high-quality, risk-adjusted returns derived from investing in global businesses that have substantial exposure to emerging and frontier markets.
Carrhae’s flagship investment vehicle is a global equity long/short fund with an emerging markets (EM) bias. Carrhae seek to generate returns with much less volatility than EM equities, and little to no correlation to other asset classes.
HazelTree’s comprehensive Treasury Management solution provides a single vantage point to discern, analyze and optimize rates and balances across all counterparties. From cash management to securities financing to collateral and margin management, critical information is clearly presented, choices modeled and transactions executed — seamlessly through a single interface.
HazelTree is headquartered in New York with Offices in London and Hong Kong. Founded in 2009, the company provides Treasury Solutions to top tier hedge funds, family offices, managed account platforms and fund administrators.