SERVICES
Treasury operations with a consolidated view of cash, liquidity and obligations.
Bring bank, broker, collateral and expected cash movements into one operating view for controlled funding and payment decisions.
Overview
Treasury operations supports cash visibility, liquidity planning, payment/funding workflows and counterparty-related cash movements. For investment managers this often means consolidating cash across banks and prime brokers, forecasting obligations and ensuring settlements, margin, expenses and capital events can be funded on time.
Treasury is a core hedge-fund middle-office pillar and is also important in private credit, real assets and family-office environments with multiple accounts/entities.
Why it matters
Without an integrated cash view, teams log into many portals, rebuild spreadsheets and react late to margin, settlement, loan or expense obligations.
Common operating challenges
- Fragmented bank/PB balances.
- Manual cash forecasting.
- Late funding of settlements, margin or loan events.
- Payment requests disconnected from support evidence.
- No consolidated currency/counterparty view.
What we deliver
| Capability | What it covers |
|---|---|
| Cash visibility | Aggregate balances and expected movements. |
| Forecasting | Build short-term liquidity and obligation views. |
| Payment workflow | Prepare, approve and evidence payment requests where in scope. |
| Funding coordination | Track settlement, margin, loan, expense and capital needs. |
| Currency visibility | Identify currency mismatches for authorised decision-makers. |
| Treasury reporting | Provide daily/periodic liquidity views. |
Our role can be configured around a defined operating mandate: a recurring managed service, a technology-enabled client workflow, or a co-sourced model in which execution and review are split between Kelton, the client and appointed providers.
Inputs, workflow and outputs
Typical inputs
- Bank statements / balances
- PB/custodian cash
- Trade settlement forecasts
- Margin/collateral calls
- Loan/capital event schedules
- Expense/invoice data
- Approved payment instructions
Controlled workflow
| Step | Activity | What happens |
|---|---|---|
| 1 | Aggregate | Collect cash balances and expected flows. |
| 2 | Reconcile | Validate balances against books/providers. |
| 3 | Forecast | Calculate expected inflows/outflows and shortfalls. |
| 4 | Prioritise | Identify time-critical needs. |
| 5 | Approve / hand off | Route authorised actions to bank/provider. |
| 6 | Evidence | Reconcile outcome and retain approval trail. |
Typical outputs
- Consolidated cash dashboard
- Liquidity forecast
- Payment / funding queue
- Currency view
- Shortfall/cut-off alerts
- Treasury control pack
Controls and review
The workflow is designed so that automation does not obscure responsibility. Routine processing can be standardised; exceptions, material judgements and formal approvals remain visible and attributable.
- Dual approval for payments where applicable.
- Bank-detail change controls.
- No autonomous money movement by AI.
- Reconciled opening/closing balances.
- Cut-off and liquidity-threshold alerts.
Responsibility boundary
We support treasury visibility, workflow and coordination. It does not provide custody, banking, financing, discretionary treasury or investment decisions unless separately authorised and permitted.
Technology & expertise
Our operating model combines specialist knowledge with controlled technology. Domain experts define the rules, review logic and exception criteria; the technology layer makes the workflow repeatable, traceable and scalable.
Technology
- Bank/PB data connectors.
- Cash forecasting rules.
- Payment-workflow controls.
- Alerts for shortfalls and cut-offs.
- Audit trail for instructions/approvals.
Expertise
- Fund treasury operations.
- Cash reconciliation/liquidity workflow.
- PB/custodian operating knowledge.
- Payment-control and segregation-of-duty design.
Expert knowledge is converted into controlled rules, SOPs, checklists, validation tests and exception criteria so that the operating standard is embedded in the workflow rather than dependent on one individual.
Delivery models
| Model | How it works |
|---|---|
| Managed Operations | We execute the agreed recurring workflow. Client and appointed-provider approvals remain explicit. |
| Technology Enablement | We implement the data, workflow and control layer for the client team to operate. |
| Hybrid / Co-sourced | Execution and review are shared through a documented responsibility and escalation model. |
| Transition & Implementation | We mobilise the workflow during a launch, provider change or target-operating-model transition. |
Frequently asked questions
Does Treasury mean Kelton moves client money?
Not by default. The site must distinguish preparation/coordination from bank authority and payment release.
How is this different from cash reconciliation?
Reconciliation validates records; treasury uses validated cash information to manage visibility, obligations and authorised actions.
Why is it critical for hedge funds?
Multi-PB balances, margin and active settlement create frequent liquidity demands.
Discuss Treasury
Start with one workflow, one operating issue or one provider transition. We will map the current process, responsibility boundaries, required data and a practical first engagement.