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Harbinger Group, the publicly traded holding company run by hedge fund manager Philip A Falcone, is offering to acquire, directly or through one of its affiliates, all of Central Garden & Pet Company for USD10.00 in cash per share.
The offer which Harbinger Group (HRG) made in a letter to the board of the Central Garden & Pet Company represents a 27.5 per cent premium over the company’s unaffected common stock price of USD7.84 at the close of business on 6 June.
HRG has also indicated that it may be able to further increase the value of its current
ULLINK, a provider of electronic trading solutions and connectivity to the financial community, is to acquire NYFIX and Metabit from NYSE Technologies, part of Intercontinental Exchange (ICE).
The transaction, which is subject to regulatory approval, is expected to close in the third quarter of 2014.
The combined business will be made up of 500 employees, with offices across many of the world’s leading trading centres, servicing over 2,000 clients. The new organisation will have combined revenues of over USD130m.
Both NYFIX and Metabit are complementary to ULLINK’s existing strengths and will serve to accelerate the company’s growth ambitions.
Societe Generale Securities Services (SGSS) has launched ManCo by SGSS, a management company solution to assist asset managers seeking access to the European market to set up and market UCITS. 

In July 2011 the UCITS IV Directive established a single harmonised regulatory regime for open-ended investment funds.
The Directive provides the framework for launching funds within the European Economic Area (EEA) by offering asset managers the opportunity to distribute UCITS funds throughout the area via a compliant management company (ManCo) registered in the EEA. 


SGSS’ own in-house ManCo is extending its licence to accompany asset managers in their
Napier Park Global Capital, a USD6 billion global alternative asset management firm, has moved into new headquarters in New York City at 280 Park Avenue.
Michael Williams, chief operating officer of Napier Park, says: “The new space has been built out specifically to accommodate our needs as a growing business. The combination of location, purpose-built space and attractive lease terms make this a great move for Napier Park.”
Napier Park, which relocated from 399 Park Avenue, will occupy 25,000 square feet in its new location and was represented by Newmark Grubb Knight Frank.
Napier Park Global Capital completed
Emerging markets – including Latin America, Africa and China – continue to be the winners of new global sovereign flow, despite a fundamental preference, relative to the total portfolio, for developed markets, a study by Invesco has found.
The second annual Invesco Global Sovereign Asset Management Study also shows that sovereign investors continue to favour alternative investments with allocations increasing across all major alternative asset classes, including real estate and private equity, on a net respondent view basis.
Analysis of data within the study highlights that these geographical and asset class shifts can be attributed to the influence of
Banque SYZ & CO has opened a representative office in Dubai aimed at a clientele of institutional and private investors in the Gulf Cooperation Council States (GCC).
It will operate within the framework of the Dubai International Financial Centre (DIFC).
The representative office obtained the authorisation of the Dubai Financial Services Authority, the independent regulator of the DIFC, on 9 June 2014. The DIFC is a financial free zone intended for foreign companies active in the field of finance and benefits from a separate legal framework based on Anglo-Saxon law.
The Gulf region is particularly dynamic and has
The Corporate Governance Code set up by the Gibraltar Funds & Investments Association (GFIA) has been adopted into the regulatory process adopted by the Financial Services Commission (FSC).
Joanne Beiso, head of the funds division at the FSC, says: “The FSC will be asking EIF directors to confirm that they comply with the GFIA Corporate Governance Code for Collective Investment Schemes. The FSC endorses the Code as it aims to promote strong and effective corporate governance.”
Following the FSC guidance, EIF directors not complying with the Code will need to provide justification in their annual return to the FSC. Choosing
Joe Truelove, Director of Carey Group, explores how capital markets are once again playing a more important role in oiling the wheels of the global economy.
Capital markets are where corporates go to raise equity or debt finance. There is often a connection to Guernsey, a British Crown Dependency, which is home to a thriving capital markets industry that has three distinct sub sectors. First, the high profile listed investment funds sector, second and less well-known is Guernsey’s capability to support listed trading companies on a range of international markets and finally, Guernsey is home to the domestic Channel Islands
This month Wells Fargo Global Fund Services (WFGFS) won its latest European mandate when it was selected by London-based East Lodge Capital to provide daily fund administration and a comprehensive outsourced middle and back office operations solution.
The appointment serves to strengthen the position of Wells Fargo’s administration arm and comes at a time when the US bank stands on the verge of becoming the most valuable US bank in history. As the Wall Street Journal reported on 15 June 2014, its shares are up more than 14 per cent for the year. It now has a stock market value
On 2 June 2014 the IRS published its first list of FATCA-compliant institutions in what represents the first significant sign of FATCA regulation gathering pace.
The cut-off date for hedge fund managers to get on this list was 5 May 2014. Hedge fund managers can still register and they will get on the next published list available by the IRS who stated they will published that list periodicaly most likely monthly. According to Michael Megaw (pictured), Managing Director at SS&C GlobeOp, one of the industry’s leading hedge fund administrators, a good number of managers have opted to move quickly and
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