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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$1739.2m
Last closeUS$12.45
High / Low (52 weeks)US$13.9 / US$12.3
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) is a specialist closed-ended investment company, which aims to provide stable returns across economic and asset class cycles by investing in a diversified portfolio of selected alternative assets. Helped by the uplift to NAV per share from a US$65m tender offer in December 2017, Tetragon delivered a 9.0% NAV total return in US dollar terms in 2017, although currency moves held back returns in sterling terms. Tetragon’s share price discount to NAV has widened in 2018, with the share price declining along with the broader stock market while NAV remained stable, increasing the scope for a narrowing discount to lift future shareholder returns. The total dividend for 2017 progressed 4.1% higher to US$0.70, giving Tetragon a sector-leading 5.6% yield.

Last updated on 10/05/2018

Latest video

Executive interview - Tetragon Financial Management

Key management

Paul Gannon, CFO
Reade Griffith, Director and Head of Investment Committee
Paddy Dear, Director and Co-Head
Rupert Dorey, Independent Director
Stephen Prince, Co-Head
Frederic M. Hervouet, Independent Director
Sean Côté, General Counsel
Greg Wadsworth, Head of Business Development
William Rogers, Independent Director
David Jeffreys, Independent Director

Company address

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