Company profile - Aberdeen Asian income fund feature image - 28062019- JPGmoney & pens

Tetragon Financial Group

LN: TFG

Market Cap$1268m

Last Close $9.07

Tetragon Financial Group’s investment 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 (including distressed securities and structured credit), convertible bonds, real estate, venture capital, infrastructure, bank loans and TFG Asset Management, a diversified alternative asset management business.

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Investment summary

Tetragon Financial Group (Tetragon) reported an H121 NAV total return (TR) of 0% in US dollar terms. Gains on investments in asset managers, bank loans and hedge funds were offset by losses on its listed equities portfolio and private equity (PE). TFG Asset Management (TFG AM) has continued to increase its assets under management (AUM) to US$32.8bn (up 9% in H121) by attracting capital to existing strategies and setting up new managers (eg Contingency Capital active in financing law firms and legal proceedings). Meanwhile, employee ownership of Tetragon increased to 35.0%, further aligning the interests of management and investors.

Content on Tetragon Financial Group
Tetragon Financial Group – Muted performance in H121
Investment companies | Update | 1 September 2021
business desk
Tetragon Financial Group – Diversification limiting NAV decline
Investment companies | Review | 12 November 2020
business desk
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Share price graph
Price performance
%
1m
3m
12m
Actual (2.4) (5.0) 2.0
Relative* (5.5) (9.3) (17.9)
52-week high/low US$10.3/US$8.8
*% relative to local index
Key management
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