J.P. Morgan Asset Management has been connected into Hazeltree’s partner network LiquidityWeb, an integrated cash management and sweep platform.
In a statement on the new partnership, Hazeltree explained that J.P. Morgan money market funds will enjoy straight-through processing to buy-side firms and will be provided with safe, liquid, and yield-enhancing opportunities.
Instead of manual cash transfers with each counterparty, typically the most common practice today, LiquidityWeb provides secure, automated, rules-based ‘sweep’ access to a wide range of liquidity products through the partner network, Hazeltree continued.
Sameer Shalaby, president and CEO of Hazeltree, said: “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.”
John Donohue, head of global liquidity at J.P. Morgan Asset Management, said: “J.P. Morgan always aims to support the needs of investors with comprehensive cash management capabilities, especially in light of the changing regulatory landscape.”
“This relationship with Hazeltree will provide our mutual clients a streamlined way to manage their cash and sweep functions.”
