Tetragon Financial Group

Tetragon Financial Group Limited (Tetragon) is a Guernsey closed-ended investment company founded in 2005. Its non-voting shares are traded on the Euronext exchange in Amsterdam and on the Specialist Fund Segment of the main market of the London Stock Exchange.[2]

Tetragon Financial Group
TypePublic
LSE: TFG
Euronext Amsterdam: TFG.NA
ISINGG00B1RMC548
IndustryInvestment Company
FoundedJune 23, 2005 (June 23, 2005)
FounderPaddy Dear
Reade Griffith
Headquarters,
ProductsInvestments
AUM$42 billion (2023)
Total assetsUS$2.8 billion NAV[1] (2023)
Websitewww.tetragoninv.com

The firm's investment objective is to generate distributable income and capital appreciation and it aims to provide stable returns to investors across credit, equity, interest rate, and inflation cycles.[3] Tetragon's investment manager is Tetragon Financial Management (TFM).[4] TFM's investment committee includes Reade Griffith, Paddy Dear and Stephen Prince, CEO of TFG Asset Management.[5] Tetragon has offices in London and New York.

History

Tetragon Financial Group was founded in 2005.[6] It is registered in Saint Peter Port, Guernsey, in the Channel Islands and headquartered in the United Kingdom. In 2007, Tetragon went public with an IPO, selling at $10/share, as an Amsterdam-listed closed-end investment company on Euronext.[7] In 2010, Tetragon acquired Lyon Capital Management LLC (LCM) and established a joint venture with John Carrafiell, Sonny Kalsi and Fred Schmidt of GreenOak Real Estate. In October 2012, Tetragon purchased Polygon Management (Polygon). In 2013, Polygon was listed as one of the 50 largest hedge fund managers in Europe by The Hedge Fund Journal. In 2014, Tetragon acquired Equitix, an investor, developer and long-term fund manager of infrastructure and energy-efficient assets in the UK. Equitix has more than $12 billion in assets under management.[8] Also in 2015, Hawke's Point, an asset management company focused on the mining and resource sectors, was formed under the TFG Asset Management umbrella.[9] In 2019, the GreenOak real estate joint venture was merged with Bentall Kennedy to create what is as of December 31, 2022, an $82.6 billion global real estate platform called BentallGreenOak;[10]

Business model

Tetragon has an investment portfolio with a NAV of $2.8 billion.[11] TFG Asset Management is Tetragon's diversified asset management platform and as of December 31, 2022, had over $40 billion in Assets Under Management.[12] TFG Asset Management currently consists of nine asset managers, including Polygon[13] Acasta Partners, LCM,[14] Equitix[15] and BentallGreenOak.[16]

In July 2011, Daniel Silverstein, a shareholder of Tetragon, sued the firm. The suit was later dismissed in February, 2012.[17] In June 2013, Omega Overseas Partners filed a lawsuit against the firm. On August 7, 2014, in an opinion by Judge Richard J. Sullivan, the Court dismissed the Action in its entirety.[18]

References

  1. "Tetragon Financial Group Ltd". 20 March 2023.
  2. "Tetragon Fin Grp: Company Profile". Euronext. 23 April 2020. Retrieved 23 April 2020.
  3. "Tetragon Financial Group Ltd". Financial Times. 22 April 2020. Retrieved 23 April 2020.
  4. "Tetragon Financial Group Ltd". reuters.com. 26 March 2023.
  5. "Tetragon Financial Group" (PDF). Edison. 9 April 2018. Retrieved 25 May 2020.
  6. "Tetragon Financial Group Ltd". Wall Street Journal. Retrieved 3 July 2014.
  7. Jones, Sam. "Polygon lists as part of reverse takeover". The Financial Times. Retrieved 3 July 2014.
  8. "Equitix: About Us". Equitix. Retrieved 23 February 2020.
  9. Thompson, Sarah; Macdonald, Anthony; Boyd, Tim (17 June 2020). "Brokers jostle to snare Hawke's Point's stake in tearaway gold play". Financial Review.
  10. Read, Matthew (19 December 2018). "Tetragon Financial announces merger of its GreenOak Real Estate JV".
  11. "Tetragon Financial Group".
  12. "Tetragon Financial Group Portfolio".
  13. "TGF Polygon acquisition". thehedgefundjournal.com. 29 October 2012.
  14. Perryman, Emily (17 November 2009). "Tetragon Financial to acquire Lyon Capital Management". institutionalassetmanager.co.uk.
  15. "Tetragon Financial Group announces proposed acquisition of Equitix Holdings". reuters.com. 23 October 2014.
  16. Segal, Julie (19 December 2018). "How Two Organizations Created One Active Real Estate Manager". institutionalinvestor.com.
  17. "Silverstein ex rel. Tetragon Fin. Grp. Ltd. v. Knief". Case Text. 14 February 2012. Retrieved 3 July 2014. "Therefore, the defendants' motions to dismiss are granted and the Complaint is dismissed in its entirety with prejudice."
  18. Hurtado, Patricia. "Omega's Tetragon Lawsuit Over Polygon Deal Thrown Out". Bloomberg. Retrieved 20 October 2014.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.