Hazeltree appoints Remy W. Trafelet as Chief Executive Officer and makes significant additions to its leadership team

NEW YORK & LONDON & HONG KONG--(BUSINESS WIRE)--Aug 4, 2026--

Hazeltree, the leading provider of financial treasury management and networked data solutions to the alternative asset management industry, appointed the company’s Executive Chairman, Remy W. Trafelet, as Chairman, President, and Chief Executive Officer, succeeding Lokesh Seth. Hazeltree thanks Mr. Seth and acknowledges his significant contributions to the company during his tenure.

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Mr. Trafelet founded Hazeltree within his alternative asset management firm, Trafelet Delta Funds, prior to spinning the company out in 2011. In late 2024, Mr. Trafelet returned to active management at the company as Executive Chairman, leading Hazeltree’s renewed focus on the firm’s treasury value proposition and data networking capabilities. Mr. Trafelet has held roles as the Managing Partner of both Trafelet Delta Funds, a global hedge fund, and Trafelet & Company, a private investment firm, and as a Senior Advisor to the U.S. Department of the Interior.

Hazeltree’s strong financial position and balance sheet strength allowed the company to recently announce a special dividend to shareholders, returning the capital invested in its 2024 equity financing.

Hazeltree is also pleased to announce the appointment of Mrs. Jessica Segarra as the firm’s Chief Operating Officer. Mrs. Segarra has extensive operational experience in alternative asset management and extraordinary domain expertise, having previously served as the Global Head of Operations at Schoenfeld Strategic Advisors Management and as Deputy Head of Operations at Balyasny Asset Management. As Hazeltree’s Chief Operating Officer, Mrs. Segarra will focus on working directly with the firm’s existing client base and on continued operational efficiencies.

Additionally, Hazeltree welcomes Mr. Martin Koopman as its Chief Product Officer. Previously, Mr. Koopman served as Chief Product Officer and Co-Head of AI at Broadridge, and before that as Broadridge’s Head of Strategy and Product Innovation. As a key member of Broadridge’s leadership team, Mr. Koopman led the global product organization, driving enterprise product strategy, platform unification, and AI innovation. Hazeltree welcomes Mr. Koopman’s extensive domain and product development expertise, as well as his leadership in AI implementation.

Mr. Trafelet commented, “These accomplished executives further enhance Hazeltree’s leadership ranks. As a former Hazeltree client and alternative asset management executive, Jessica brings significant value to Hazeltree’s existing client base and internal operations. Martin’s extensive product development leadership and AI expertise will continue to enhance Hazeltree’s value proposition and performance for its hedge fund and private equity clients.”

With these additions, Hazeltree is poised to continue to grow its performance-enhancing treasury management solutions, networked data offerings, and AI capabilities for hedge funds, private markets, and asset management firms.

About Hazeltree
Hazeltree is the leading provider of financial treasury and data solutions to the alternative asset management industry, including hedge funds, private equity, pension and endowment funds, and traditional asset management firms. Hazeltree’s unique data networking value proposition delivers significant performance improvements and operational efficiency for its treasury clients. The firm’s global operations are based in New York, London, and Hong Kong.

For more information, please visit www.hazeltree.com.

Martin Koopman

Jessica Segarra

Remy W. Trafelet

TOKYO (AP) — Toyota reported Tuesday a nearly doubling of profit for the fiscal first quarter as solid demand in the U.S. and India combined with a favorable exchange rate to boost results.

The Japanese automaker, which makes the Prius hybrid and Lexus luxury models, recorded a 1.48 trillion yen ($9.4 billion) net profit in the April-June period, up from 841 billion yen the same quarter the previous year.

Quarterly sales rose 10% year on year to 13.5 trillion yen ($85 billion).

A cheap yen raises the value of overseas earnings for Japan’s giant exporters like Toyota Motor Corp. The U.S. dollar was trading at about 145 yen during the fiscal first quarter in 2025, but at about 160 yen for the same period this year.

The dollar is now trading at about 158 yen because of a joint U.S.-Japan market intervention, which came last week, or in the fiscal second quarter.

The favorable currency effect added 345 billion yen ($2.2 billion) to Toyota’s quarterly operating profit in the April-June period.

The automaker is figuring the yen at 160 to the dollar for the full fiscal year.

Chief Officer Takanori Azuma said Toyota sold fewer vehicles globally for the quarter just ended at 2.39 million, compared with 2.41 million vehicles a year ago.

But the automaker expects to sell more vehicles for the full fiscal year at 9.7 million vehicles, compared with 9.595 million the previous fiscal year.

Azuma said demand remains strong for Toyota hybrids in various global markets, including the U.S., where the Camry mid-size sedan and RAV4 compact sport utility vehicle are selling briskly.

Toyota plans to boost hybrid and hybrid battery production through 2030, said Azuma, adding that it will bring down costs. Toyota’s electric vehicle sales are also going strong, he said.

Among the popular models in India were the Urban Cruiser and Innova Hycross, while the Yaris remained a strong seller in Thailand and Europe.

The recent political instability in the Middle East has weighed on Japanese automakers, which rely heavily on the now effectively closed Strait of Hormuz for shipping. Toyota said it was working on tackling such challenges, including finding alternative routes.

Another potential negative impact was the 7.1 magnitude earthquake in Kumamoto in southwestern Japan, which hit July 28.

Toyota's manufacturing facilities in the Kyushu region, where Kumamoto is located, halted production, but are readying to resume production later this week. Its Tahara plant in Aichi Prefecture, central Japan, also halted production, partly because of the quake. Since a summer break is upcoming, unrelated to the disaster, production will be down there through the end of the month.

Toyota is projecting a 3.25 trillion yen ($20.6 billion) profit for the full fiscal year through March 2027, not as good as the 3.85 trillion yen ($24 billion) profit racked up the previous fiscal year.

Annual sales are forecast at 54 trillion yen ($342 billion), better than the 50.7 trillion yen for the previous fiscal year that ended in March.

Toyota shares fell nearly 2% in Tokyo trading after earnings results were announced.

Yuri Kageyama is on Threads: https://www.threads.net/@yurikageyama

FILE -Toyota dealership, April 30, 2026, in Nashua, N.H. (AP Photo/Charles Krupa, File)