US alternative investment firm Farallon is looking to invest in Sesame parent Misys and is undertaking due diligence, Money Marketing understands.California-based external management consultant Paulette Thomas is conducting analysis of Misys and its value potential. Investor Ashish Pant is heading the initial analysis for Farallon, which has $12bn under management. In April, Misys abandoned plans to sell Sesame after failing to agree a sale price with buyers. It has a share price of 179.50p, having fallen by 5p after sales talks ended. Sesame says it is not aware of discussions at Misys board level and it is unaware of any interest by Farallon or any other private investor. The level of investment under consideration is unknown and the future of Sesame remains uncertain although Misys has made it clear that it is not core to its business model. Thomas says: “I know Farallon are interested in Misys and have asked me to find out more about the company but I do not know any more than that.” Sesame head of strategic propositions and commercial development Alastair Conway says: “We are not aware of anything at this level.” Farallon declined to comment.
Poor Axa Framlington. Imagine the horror of its PR agency Polhilll when it had to phone up every journalist that had been invited to its World Cup party at the winter wonderland that is Ice Space that is was cancelled. The event promised to be an affair to remember – a combination of ice sculpture, […]
Standard Life Investments is developing its closed-end fund business with the appointment of Gordon Humphries as head of investment companies. Humphries, who is expected to join the firm this summer, was head of invest ment trusts at F&C Asset Management. Working with head of UK Institutional Business George Walker, Humphries will assume responsibility for leading […]
Brokers are failing to use the internet properly and are losing business as a result, according to BM Solutions. A survey by the lender found that only 53 per cent of the brokers surveyed in its research had a company website while 52 per cent get no new business through the internet. Less than 6 […]
You may be pleased to know that the World Cup has not been delayed. Imagine if Fifa announced that due to countries disagreeing about the quality of the pitches, it had been decided that the World Cup would be pushed back to 2007. It would cause worldwide outrage.
By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]
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National advice firm Sandringham has made two new board appointments as it seals the hire of former James Hay director John Watson. Watson served as finance director for the platform and its parent IFG Group’s advice business Saunderson House until 2015, before taking over as chief operating officer for financial technology company Equiniti. Sandringham, a […]
Positive sales data has excited the industry but the challenge now is to carry the momentum into 2018
It is that time again where clairvoyants in the investment industry fall over themselves to file their predictions for markets in the year ahead. Analysts will pontificate on everything from the global economy and political stability to interest rates. They will aim to convince us equity valuations are stretched and the only way to avoid […]