Tetragon Financial Group (TFG)

Business description

TFG'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. TFG’s investment portfolio comprises a broad range of assets, including a diversified alternative asset management business, TFG Asset Management, and covers bank loans, real estate, equities, credit, convertible bonds and infrastructure.

Stock data

Market cap.US$1857.9m
Last closeUS$13.30
High / Low (52 weeks)US$13.3 / US$11.5
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Investment summary

Tetragon Financial Group (TFG) achieved a 1.6% NAV total return in the third quarter of 2017, taking NAV total return to 4.5% for the first nine months of the year. A strong performance from ‘other equities and credit’ has contributed to this asset class increasing to 9.9% of NAV. TFG Asset Management declined to 19.2% of NAV, as a result of the refinancing of Equitix, while all five of the established asset managers saw valuation uplifts during the quarter. Tetragon commenced a tender offer to purchase up to US$65m of its own shares in November 2017 and, if fully subscribed, this would lift Tetragon’s NAV total return for the year to between 6.1% and 6.7%, prior to considering net income generated in the fourth quarter.

Last updated on 16/11/2017

Key management

Paul Gannon, CFO
Reade Griffith, Director
Paddy Dear, Director
Rupert Dorey, Independent Director
Stephen Prince, Director
Frederic M. Hervouet, Independent Director
Greg Wadsworth, Head of Business Development
Yuko Thomas, Investor Relations
William Rogers, Independent Director
David Jeffreys, Independent Director
Quentin Nason, Head of Capital Markets

Company address

1st Floor Dorey Court, Admiral Park St. Peter Port
Guernsey
GY1 6HJ
United Kingdom
+44 20 7901 8328
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