Tetragon Financial Group

Overview
Price performance
Financials
Research
Sector insights
Thematics

Edison Investment Research is terminating coverage on Tetragon Financial Group (TFG). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

Latest Insights

Investment Companies |
Update

03.10.24

Tetragon Financial Group — Tetragon maintains its investing pace

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audiovisual

10.05.24

Tetragon Financial Group in 60 seconds

Investment Companies |
Review

16.04.24

Tetragon Financial Group — FY23 growth driven by idiosyncratic factors

Investment Companies |
Update

09.08.23

Tetragon Financial Group — Leveraging up for new investments

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Sector

Investment Companies

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	25.1	27.6	29.6
Relative	28.5	30.8	18.9
52 week high/low	US$13.1/US$9.7

Overview

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.