HazelTree has successfully implemented its next generation treasury system at Carrhae Capital.
Carrhae is an independent, London-based asset management firm that focuses on global equities that have substantial exposure to emerging markets. The company experienced sustained growth and net returns of over 18 percent for 2013 on composite assets under management.
Carrhae is joining a group of London-based funds that 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, according to HazelTree.
Adrian Headon, the fund’s COO, said: “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, said: “[We are] 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 organisations 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.”
