Tetragon Financial Group Ltd Notice of AGM & Directorate Change

 
TIDMTFG 
 
Tetragon Financial Group Limited Annual General Meeting 
 
LONDON, Dec. 17, 2018 /PRNewswire/ -- 
 
Annual General Meeting: 
 
Tetragon's annual general meeting will be held on 31 December 2018.  The Notice 
of General Meeting may be found at the following link: https:// 
www.tetragoninv.com/2018 AGM Notice.  One of the purposes of the annual general 
meeting is to propose that each of the following individuals be appointed as a 
director of Tetragon: 
 
Mr. Deron J. Haley - Independent Director 
Mr. Steven W. Hart - Independent Director 
Mr. David C. O'Leary - Independent Director 
Mr. Reade E. Griffith 
Mr. Paddy G. G. Dear 
 
Note that only the owner of Tetragon's voting shares will be entitled to vote 
at the annual general meeting.  The biographies of each of the proposed 
Independent Directors are set forth below. 
 
Paddy Dear, a Co-Founder of Tetragon's investment manager and a member of 
Tetragon's Board of Directors, said, "We would like to thank Rupert Dorey, 
David Jeffreys and Bud Rogers for their service to the company.  Rupert and 
David have been Independent Directors since Tetragon's launch as an open-ended 
fund in 2005, continuing in their role through the company's initial public 
offering in 2007.  Bud advised Tetragon from its IPO until his retirement from 
the Corporate Department of Cravath, Swaine & Moore LLP in December 2015, 
following which he joined as an Independent Director.  During their tenure, 
Tetragon has demonstrably achieved its investment objective of generating 
distributable income and capital appreciation by returning approximately 
U.S.$1.25 billion to its shareholders through dividends and share buybacks - 
nearly as much as the company's net asset value at the time of its IPO - and 
growing its NAV to approximately U.S.$2.1 billion." 
 
Stephen Prince, the Head of TFG Asset Management, said, "We are excited about 
the backgrounds and experience of the proposed Independent Directors and the 
expected overall composition of the Board of Directors.  With extensive private 
equity and asset management expertise as well as considerable operational and 
administrative experience, we believe that Tetragon's new Independent Directors 
will be able to effectively oversee the management of the business while 
providing valuable strategic guidance as Tetragon continues to diversify its 
alternative asset portfolio and looks to continue to grow TFG Asset Management 
- as Tetragon's diversified alternative asset management business - with a view 
to a possible initial public offering and listing of its shares." 
 
Rupert Dorey, speaking on behalf of the Independent Directors, said, "We have 
enjoyed the opportunity of sitting on Tetragon's Board of Directors and 
working with Tetragon's investment manager to grow and strengthen the 
business over the years.  We wish the proposed directors the best as they work 
with Tetragon in the next phase of its growth." 
 
Mr. Deron J. Haley.  Mr. Haley, also known as D.J., is a founding Partner and 
Chief Operating Officer at Durational Capital Management, LP, a New York-based 
private equity firm that specializes in consumer buy-outs.  Prior to Durational 
Capital Management, Mr. Haley was the Chief Operating Officer of Hound 
Partners, LLC, a New York-based global equity fund.  Prior thereto, he was a 
senior executive of Ziff Brothers Investments, LLC, a global, single-family 
office that invested directly in private and public equities, fixed income, 
global-macro, and commodities, and led firm-wide operational and management 
initiatives.  Mr. Haley began his finance career as an equity research analyst, 
and later a registered trader before taking on senior managerial roles.  Prior 
to finance, Mr. Haley served five years active duty in the United States Navy. 
 He is a founding Director of the Navy SEAL Foundation and is a member of the 
Governance and Investment Committees.  Mr. Haley is a Director of Ibis Tek, 
Inc, a small-business defense contractor, and also sits on the Investment 
Committee of The Heinz Endowments.  Mr. Haley recently served as an independent 
director on the Boards of Directors of several funds managed by TFG Asset 
Management.  He holds a B.S. degree in Mechanical Engineering from Carnegie 
Mellon University in Pittsburgh and a M.B.A. degree from Harvard Business 
School. 
 
Mr. Steven W. Hart.   Mr. Hart serves as president of Hart Capital LLC, which 
he founded in 1998 as a family office to invest in a diversified portfolio of 
assets with a strong education industry focus.  He also co-founded Florian 
Education Investors LLC in May 2013, which now includes an ACCSC accredited 
postsecondary vocational education company offering on ground and online 
diploma and degree programs to the allied health community.  Mr. Hart was the 
co-owner (1999-2010) and member of the Board of Directors (1999-2007) of 
Lincoln Educational Services Corporation.  From 1983 to 1997, he was co-founder 
of a family-owned conglomerate where he acquired and managed manufacturing and 
distribution companies involved in automotive, printing, apparel and industrial 
textiles, electronics, synthetic foam, and home furnishing industries.  Mr. 
Hart served as chairman of the State of Connecticut Investment Advisory Council 
from 1995 to 2003, which oversees the State of Connecticut Retirement Plans and 
Trust Funds, and, as a trustee (1996-2003), and chairman (2003) of the Stanford 
University Graduate School of Business Endowment Trust. He also served as a 
member of Golden Seeds, an angel stage investment firm focused on empowerment 
of women entrepreneurs.  Since 2011, Mr. Hart has been a member of the Boards 
of Directors of several funds connected with Blue Harbour Group, L.P., a hedge 
fund based in Greenwich, Connecticut.  He earned an M.B.A. degree from Stanford 
University Graduate School of Business and a B.A. degree in mathematics and 
economics from Wesleyan University. 
 
Mr. David C. O'Leary.  Mr. O'Leary retired from State Street Corporation in 
Boston, Massachusetts in 2012, where he was Executive Vice President - Chief 
Administrative Officer (2010-2012) and Executive Vice President - Global Head 
of Human Resources (2005-2010).  At State Street, he managed a global team of 
325 staff across 15 countries, was a member of its 10-person Operating Group 
and Management Committee, reporting directly to its Chief Executive Officer. 
From 1985 to 2004, Mr. O'Leary was at Credit Suisse First Boston, serving as 
Managing Director, Global Head of Human Resources from 1988 to 2003, where he 
managed a global team of 250 staff in 13 countries responsible for all aspects 
of Human Resources in the Americas, Europe, and Asia.  Mr. O'Leary began his 
career in financial services at Merrill Lynch & Company in New York, where he 
was Vice President - Executive Compensation from 1981 to 1985.  He earned a 
M.B.A. degree from the University of Massachusetts, where he graduated first in 
his class, a M.S. degree from the State University of New York and a B.S. 
degree from Union College. 
 
Group Structure: 
 
As previously announced, Tetragon Financial Group Master Fund Limited, through 
which Tetragon has historically invested substantially all its capital, is 
expected to be amalgamated with Tetragon, the listed parent company, effective 
as of 31 December 2018.  The amalgamated company will continue as Tetragon 
Financial Group Limited.  The appointment of the directors of Tetragon at the 
31 December 2018 annual general meeting will be effective upon the 
amalgamation. 
 
About Tetragon: 
 
Tetragon is a closed-ended investment company that invests in a broad range of 
assets, including bank loans, real estate, equities, credit, convertible bonds, 
private equity, infrastructure and TFG Asset Management, a diversified 
alternative asset management business.  Where appropriate, through TFG Asset 
Management, Tetragon seeks to own all, or a portion, of asset management 
companies with which it invests in order to enhance the returns achieved on its 
capital.  Tetragon's investment objective is to generate distributable income 
and capital appreciation. It aims to provide stable returns to investors across 
various credit, equity, interest rate, inflation and real estate cycles. The 
company is traded on Euronext in Amsterdam N.V. and on the Specialist Fund 
Segment of the main market of the London Stock Exchange. For more information 
please visit the company's website at www.tetragoninv.com. 
 
Tetragon:          Press Inquiries: 
 
Yuko Thomas        Prosek Partners 
Investor Relations Andy Merrill and Ryan FitzGibbon 
[e-mail] [phone] ext. 216 and ext. 234 
                   [e-mail] 
 
This release contains inside information within the meaning of Article 7(1) of 
the EU Market Abuse Regulation. 
 
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 Tetragon have not been and will not be 
registered under the U.S. Securities Act of 1933 and may not be offered or sold 
in the United States or to U.S. persons unless they are registered under 
applicable law or exempt from registration. Tetragon 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, Tetragon has not 
been and will not be registered under the U.S. Investment Company Act of 1940, 
and investors will not be entitled to the benefits of such Act.  Tetragon is 
registered in the public register of the Netherlands Authority for the 
Financial Markets under Section 1:107 of the Financial Markets Supervision Act 
as a collective investment scheme from a designated country. 
 
 
 
END 
 

(END) Dow Jones Newswires

December 17, 2018 02:00 ET (07:00 GMT)