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2016-10-11

Hazeltree Fund Services: Hazeltree Partners with BlackRock to Automate Cash Sweeps

Hazeltree LiquidityWeb(TM) integrates BlackRock money market funds to provide
buy-side institutions with easy access to more liquidity sources

NEW YORK and LONDON and HONG KONG, Oct. 11, 2016 (GLOBE NEWSWIRE) --
Hazeltree, the leading provider of integrated buy-side treasury management
solutions, today announced the addition of BlackRock to the expanding partner
network of Hazeltree LiquidityWeb(TM), an integrated cash management and
sweep platform. This partnership provides mutual clients an efficient way to
manage cash and sweep unencumbered free cash to BlackRock money market funds.

Treasurers look to BlackRock for investment solutions that seek to meet their
cash needs of safety, liquidity and yield. Over multiple interest rate
cycles and varying market conditions, BlackRock has managed cash portfolios
for many types of institutional investors including corporations, banks,
insurance companies, private equity firms, and hedge funds. As a leader in
this asset class, BlackRock has US$374.7 billion in global liquidity assets
across multiple currencies as of June 30, 2016. BlackRock is able to offer
clients an investment approach that has been tested through a variety of
markets and offers solutions designed to meet the needs of today's cash
investor. This partnership provides a straight-through-process between
buy-side firms and BlackRock funds. BlackRock funds will be accessible via
Hazeltree LiquidityWeb. HazelTree LiquidityWeb and its partnership with
BlackRock come at an ideal time to help hedge funds and other buy-side
clients respond to the new Money Market Fund Reform Rules, scheduled to take
effect in October for certain US domiciled money market funds.

"Our partnership with Hazeltree reflects our commitment to helping our clients
succeed in this demanding environment in their short-term investment needs,"
said Tom Callahan, Head of BlackRock's Global Cash Management Business.

"Designed to offer treasurers an integrated view of all their cash positions,
Hazeltree LiquidityWeb offers an efficient way to manage cash and sweep
unencumbered free cash to money market funds," said Sameer Shalaby, President
and Chief Executive Officer of Hazeltree. "We welcome BlackRock to our
expanding partner network and look forward to collaborating with them to
provide our clients money market fund products."

Hazeltree LiquidityWeb provides an efficient and secure interface to sweep
excess cash to a wide range of liquidity products through Hazeltree's partner
network, which now includes BlackRock money market funds. With a single
click, clients can subscribe, wire money to fund their purchase, and post
their transaction to their internal general ledger. Similarly, they can
redeem, receive their funds and update their general ledger.

Hazeltree LiquidityWeb is offered as a standalone solution or integrated into
Hazeltree's award-winning treasury management platform.

About Hazeltree

Hazeltree is the leading Treasury Management solution provider, serving hedge
funds, asset managers, fund administrators, insurance companies and pension
funds with powerful, proactive performance enhancement and risk mitigation
capabilities that generate operational alpha, reduce a range of risks and
streamline operations. Hazeltree's integrated treasury management solution
includes comprehensive cash management, securities financing, collateral
management, counterparty management and margin management capabilities.
Hazeltree is headquartered in New York with offices in London and Hong Kong.
For more information, please visit www.hazeltree.com.

About BlackRock

BlackRock is a global leader in investment management, risk management and
advisory services for institutional and retail clients. At June 30, 2016,
BlackRock's AUM was $4.890 trillion. BlackRock helps clients around the world
meet their goals and overcome challenges with a range of products that
include separate accounts, mutual funds, iShares

® (exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions

®. As of June 30, 2016, the firm had approximately 12,700 employees in more
than 30 countries and a major presence in global markets, including North and
South America, Europe, Asia, Australia and the Middle East and Africa. For
additional information, please visit the Company's website at
www.blackrock.com | Twitter: @blackrock_news | Blog: www.blackrockblog.com |
LinkedIn: www.linkedin.com/company/blackrock.
Contact:

Sameer Shalaby
sshalaby@hazeltree.com
646.790.7250

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hazeltree Fund Services via Globenewswire

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