Tetragon Financial Group’s objective is to generate distributable income and capital appreciation, aiming to provide stable returns to investors across various credit, equity, interest rate, inflation and real estate cycles. Tetragon’s investment portfolio comprises a broad range of assets, including public and private equities and credit, real estate, venture capital, infrastructure, bank loans and a diversified alternative asset management business.
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David O’Leary
Independent Directors
Deron Haley
Independent Directors
Paddy Dear
Co-Founder and Director
Reade Griffith
Co-Founder, Director & Head of Inv. Committee
Stephen Prince
Head of TFG Asset Management
Steven Hart
Independent Directors
% | 1M | 3M | 12M |
---|---|---|---|
Actual | (1.0) | 0.0 | (6.8) |
Relative | (1.9) | (6.1) | (8.1) |
52 week high/low | US$10.3/US$9.7 |
Tetragon Financial Group (Tetragon) posted a 6.4% net asset value (NAV) per share total return (TR) in US dollar terms in FY23. Tetragon’s returns normally have a low correlation with broader markets, and therefore its FY23 performance was below the 26.3% return of the S&P 500 Index, which rallied on the artificial intelligence (AI) theme. Tetragon’s FY23 return on equity (RoE) of 5.5% was below its target of 10–15% pa. That said, its performance since listing was within the target range at 11.3%. Tetragon continues payouts to its shareholders, distributing US$83.6m in FY23 through buybacks and dividends (3.0% of opening NAV), with the dividend yield standing at 4.4%.
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