Hedge Fund Software Innovator HazelTree Fund Services Hires New CEO, Announces Funding

http://www.hazeltree.com -- HazelTree Fund Services, Inc. announced the hiring of Stephen Casner as the company's Chief Executive Officer. Mr. Casner joined the firm in 2010 and oversees all corporate functions with particular emphasis on the sales and implementation of the company's next generation Treasury Management system http://www.hazeltree.com (http://www.hazeltree.com) for hedge funds.

From 2005 to 2010, Mr. Casner served as CEO of AIM-TO, a provider of data aggregation and risk management systems for the alternative investment industry. Previously, Mr. Casner was CEO of Picasso Software, Inc., a private equity backed developer of custom software solutions for the world's largest asset managers that was recognized as one of the fastest growing companies by the SMU/Cox School of Business.

In addition, HazelTree Fund Services has announced the completion of a Series A round of financing which will enable the firm to expand sales, marketing and R&D efforts from their headquarters in New York City.

About HazelTree Fund Services:

HazelTree Fund Services delivers Treasury Management software, http://www.hazeltree.com (http://www.hazeltree.com) as a service to multi-primed hedge funds from their offices in New York City. HazelTree's proven systems release the "trapped value" in a fund's Treasury process which significantly improves fund performance while reducing operational risk. HazelTree Treasury functionality includes cash management, stock loan, stock borrow, counter party exposure, Fx hedging and reconciliation activities for cash, positions and trades.

To learn more, please visit the company's website at: http://www.hazeltree.com (http://www.hazeltree.com) or contact David Scibetta, Vice President of Sales, by phone at (646) 837-9451 or by email dscibetta@hazeltree.com (dscibetta@hazeltree.com) .

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