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 | 1.5 | (0.5) | 2.5 |
Relative | 2.4 | (2.7) | (7.8) |
52 week high/low | US$10.3/US$9.7 |
Tetragon Financial Group (Tetragon) reported a 1.3% return on equity (RoE) in H124, with its net asset value (NAV) per share increasing by 1.9% in US dollar total return (TR) terms, and further 3.8% to end-August. The portfolio continued to generate solid cash flow, predominantly from collateralised loan obligation (CLO) structures and through fees from asset management businesses, which Tetragon recycled back into the portfolio (mostly public stocks) and was a net investor in the period. Tetragon continues distributions to shareholders, with a dividend yield of 4.3% (above the peer average and on top of share repurchases). As a result, Tetragon increased the amount drawn on its revolving credit facility and its leverage at end-August 2024 stood at record-level of 13.1% of NAV.
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