Tetragon Financial Group Limited ("TFG") Announces Stephen Prince Joining as Co-Head of TFG Asset Management and Head of North America for Tetragon Financial Management LP
NEW YORK, October 19, 2015 /PRNewswire/ --
TFG today announces that Stephen Prince has joined as Co-Head of TFG Asset Management - TFG's diversified alternative asset management business - and Head of North America for Tetragon Financial Management, LP, TFG's investment manager ("TFM"). Mr. Prince will be based in New York.
Mr. Prince joins from Silver Creek Capital Management LLC, a $7 billion alternative investment firm, where he most recently served as Deputy Chief Investment Officer and Chair of the Investment Committee. Prior to joining Silver Creek in 2007, Mr. Prince helped found and was on the investment team of two long/short equity hedge funds. Mr. Prince began his career at Tiger Management L.L.C. and remains as a trustee of the Tiger Foundation. He received an M.B.A. from Harvard Business School and a A.B. from Princeton University.
Paddy Dear, a Principal of TFM and the current Head of TFG Asset Management, said, "Stephen brings deep experience as an allocator, direct investor and business builder as well as an extensive global network that is particularly strong in the United States. We are pleased to have an executive of Stephen's caliber working with us as we grow TFG and TFG Asset Management and expand our relationships with investors in the region. We believe Stephen will be instrumental in helping us build on TFG's momentum as we continue to seek to grow the company's asset management platform organically and through acquisitions, attract investment talent and optimise risk-adjusted returns for TFG's capital."
Mr. Prince said, "I have known TFG and its team since 2007. TFG is a well-capitalized alternative asset investment and management business that deploys its balance sheet, including to managers on its TFG Asset Management platform, with the perspective of an investor. TFG Asset Management, leveraging its front and back office infrastructure, has a growing range of what I believe are top-tier investment offerings. I am excited to be joining the team and helping to lead the effort as TFG seeks to diversify and grow its asset management platform."
About Tetragon:
TFG is a Guernsey closed-ended company traded on Euronext Amsterdam N.V. under the ticker symbol "TFG" to provide stable returns to investors across various credit, equity, interest rate, inflation and real estate cycles. The company's investment portfolio comprises a broad range of assets, including a diversified alternative asset management business, TFG Asset Management, and covers bank loans, real estate, equities, credit, convertible bonds and infrastructure.
This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities of TFG have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act"), as amended, and may not be offered or sold in the United States or to US persons unless they are registered under applicable law or exempt from registration. TFG does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States. In addition, TFG has not been and will not be registered under the US Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. TFG is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act ("FMSA") as a collective investment scheme from a designated country. This release constitutes regulated information ("gereglementeerde informatie") within the meaning of Section 1:1 of the FMSA.
TFG:
David Wishnow / Greg Wadsworth
Investor Relations
ir@tetragoninv.com
Press Inquiries:
Sard Verbinnen & Co
+1-212-687-8080 / +44(0)20-3178-8914
tetragon-svc@sardverb.com
PRN NLD
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