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Currency in USD
Last close As at 25/03/2023
USD10.45
— 0.00 (0.00%)
Market capitalisation
USD1,460m
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.
Investment Companies
Investment Companies
Investment Companies
Investment Companies
Director, Financials
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 | 6.6 | 7.7 | 18.8 |
| Relative | 15.2 | 6.6 | 19.4 |
| 52 week high/low | US$10.4/US$8.8 |
Tetragon Financial Group’s (Tetragon’s) NAV declined 1.0% in Q322 and 4.5% in 9M22 in total return terms (compared to declines of 6.5% and 26.4% in the MSCI ACWI, respectively). The best performing asset classes in Q322 were TFG Asset Management (driven by BentallGreenOak’s revaluation) and private equity (especially funds managed by Hawke’s Point). Meanwhile, the other equities and credit asset class (consisting predominantly of listed equity) remains a negative contributor. Tetragon continues its distributions to shareholders, with US$30m ytd in quarterly dividends (declared Q422 DPS stable quarter-on-quarter, implying a 4.6% yield) and US$42m in share repurchases (with a further tender offer of up to US$25m to be conducted in Q422).
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