Industry News

Affiliated Managers Group Inc declared on Wednesday that it completed its investments in Capula Investment Management LLP, Mount Lucas Management LP and CapeView Capital LLP. Capula is a global fixed income specialist firm managing absolute return, enhanced fixed income and tail risk strategies. It was founded by CIO and managing partner Yan Huo in 2005 and is based in London with affiliated entities in Tokyo, Hong Kong and Greenwich."/>
AMG announces completion of investments in three alternative firms
UBS Group AG, a Swiss bank and a provider of financial services to private, corporate and institutional clients, announced on Tuesday the receipt of a disclosure order from the Swiss Federal Tax Administration to transfer information based on a French request for international administrative assistance in tax matters. Reportedly, this request concerns a number of UBS account numbers pertaining to current and former French domiciled clients and is based on data from 2006 and..."/>
UBS receives disclosure notice from the Swiss Federal Tax Administration for assistance in tax matters
MetLife announced today the appointment of Gaurav Sharma as Country CEO for its Vietnam business, BIDV MetLife Life Insurance Limited Liability Company. Sharma will be based in Hanoi, Vietnam and will report to the Board of Members of BIDV MetLife and also to Dr. Nirmala Menon, Head of Designated Markets and Health, Asia."/>
MetLife Appoints Gaurav Sharma as CEO Vietnam
Ventas Inc has priced an underwritten public offering of 9,000,000 shares of its common stock for total estimated gross proceeds of about USD649m, it stated on Wednesday. The company added that the underwriter has a 30- day option to buy up to 1,350,000 additional shares and subject to customary closing conditions, the offering will close on 11 July 2016. All of the shares will be issued under the company's existing shelf registration statement."/>
Ventas prices offering of 9m common stock or about USD649m gross proceeds
IBERIABANK Corporation revealed on Tuesday that its board of directors approved a half yearly cash dividend of USD331.25 per share on the company's outstanding 6.625% fixed-to-floating non-cumulative perpetual preferred stock, series B of par value USD1.00 per share, for the period from 1 February to 31 July 2016.. The series B dividend equates to approximately USD0.828 per depository share, or USD331.25 per share of outstanding series B stock. It will be paid on 1 August..."/>
IBERIABANK announces USD331.25 per share dividend on series B preferred stock
Houlihan Lokey, the international investment bank, today announced a significant expansion of its Illiquid Financial Assets practice with the addition of Zaman Khan and Christian Scharf, who have joined the firm as Managing Directors based in London. Khan and Scharf will jointly spearhead the continued growth of the business in Europe, focusing primarily on financial institutions, strategic advisory and bespoke deleveraging solutions for..."/>
Houlihan Lokey Substantially Expands Illiquid Financial Assets Practice in Europe
Aurobindo Pharma eyes Teva's over $1 billion European assets. Aurobindo Pharma Ltd, India's fourth-largest drug maker, is considering joining the race to buy assets of over $1 billion from Teva Pharmaceutical Industries Ltd that are being divested by the Israel-based company in the UK, Ireland and Iceland as a precondition to Teva's acquisition of Allergan Plc.' s generic..."/>
Deals Buzz: Aurobindo joins fray to buy Teva's assets; Practo in talks to raise $50-60 mn [Mint, New Delhi]
Boston Herald The Ticker column [Boston Herald]
Azrieli Group Ltd. is nearing the completion of a NIS 2.2 billion bond issue, one of the largest ever carried out on the local corporate bond market. The company today reported that it had ensured NIS 2 billion in the institutional stage of the offering at a low 1.3% interest rate. Azrieli initially planned to raise NIS 900 million, but increased the amount when the offering attracted demand on a much larger scale."/>
Azrieli set for NIS 2b bond issue [Globes, Tel Aviv, Israel]
Harel Insurance Investments and Financial Services Ltd., whose investments are managed by deputy CEO Amir Hessel, and Israel Infrastructure Fund, managed by founder and managing partner Yaron Kestenbaum and partly owned by Harel, have signed an agreement to acquire 3% of the rights in the Tamar natural gas reservoir from US company Noble Energy. The deal signed by the parties reflects a $12.3 billion value for Tamar."/>
Noble Energy sells 3% Tamar stake [Globes, Tel Aviv, Israel]
Phoenix Mills Ltd, DLF Ltd and Prestige Estates Projects Ltd are on an expansion spree by building new malls or buying out under-construction or operational ones, while global investors such as Blackstone Group Lp,..."/>
Real estate firms, foreign funds are betting big on mall projects [Mint, New Delhi]
Why is services sector activity slowing? [Mint, New Delhi]
Punjab National Bank, on Tuesday filed its draft proposal with the market regulator for a Rs.2, 500 crore initial public offering. The company has hired Kotak Mahindra Capital Co. Ltd, DSP Merrill Lynch Ltd, JM Financial Institutional Securities Ltd, JP Morgan India Pvt. Ltd and Morgan Stanley India Co. Pvt."/>
PNB Housing Finance files draft papers for Rs2,500 crore IPO [Mint, New Delhi]

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