Tetragon Financial Group

Tetragon Financial Group Limited ("TFG") is a closed-ended investment company which is traded on the Euronext exchange in Amsterdam and on the Specialist Fund Segment of the main market of the London Stock Exchange.[1] The firm's strategy is to provide stable returns to its investors through a wide range of credit, equity, interest rate and real estate cycles.[2] Tetragon invests in a broad range of assets, including public and private equities and credit (including distressed securities and structured credit), convertible bonds, real estate, venture capital, infrastructure, bank loans and TFG Asset Management, a diversified alternative asset management business.[3] The company's investment manager is Tetragon Financial Management LP ("TFM").[2][4] TFG's Polygon business is a member of SBAI (the "Standard Board for Alternative Investments"), and AIMA ("Alternative Investment Management Association").[5] TFG was founded on June 23, 2005.[6][7][8]

Tetragon Financial Group
TypePublic
LSE: TFG
Euronext Amsterdam: TFG
ISINGG00B1RMC548
IndustryFinancial services
FoundedJune 23, 2005 (June 23, 2005)
FounderPaddy Dear
Reade Griffith
Headquarters
London
,
United Kingdom
ProductsInvestments
AUM$37.5 billion (Q2 2022)
Websitewww.tetragoninv.com

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.[9] In 2007, TFG went public with an IPO, selling at $10/share, as an Amsterdam-listed closed-end investment company on Euronext.[10] In 2010, Tetragon acquired Lyon Capital Management LLC (“LCM”)[11] and established a joint venture with John Carrafiell, Sonny Kalsi and Fred Schmidt of GreenOak Real Estate.[12] In October 2012, TFG purchased Polygon Management[13] (“Polygon”). In 2013, Polygon was listed as one of the 50 largest hedge fund managers in Europe by The Hedge Fund Journal.[14] In 2014, Tetragon acquired Equitix,[15] an investor, developer and long-term fund manager of infrastructure and energy-efficiency assets in the UK. Equitix has raised £4.7 billion of equity, including managed accounts.[16] In 2015, Tetragon established Tetragon Credit Partners; an asset manager.[17] 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.[18] In 2019, the GreenOak real estate joint venture was merged with Bentall Kennedy to create a $47 billion global real estate platform called BentallGreenOak; Tetragon remains an investor in the business.[19]

Leadership

Tetragon's investment manager is Tetragon Financial Management (TFM). TFM's investment committee includes Reade Griffith, Paddy Dear and Stephen Prince, the head of TFG Management.[20]

Business Model

TFG has an investment portfolio with a NAV of $1.8 billion.[21] TFG Asset Management consists of three main investment managers: the Polygon Global Partners $1.4 billion; LCM, a $4.9 billion CLO manager; and GreenOak, a real estate investment firm managing $4.1 billion.[22]

Awards
Year Award Category Source
2019 EuroHedge Event Driven [23]
2017 EuroHedge Convertible & Volatility [24]
2016 Alt Credit Intelligence European Performance Convertibles [25]
2016 Alt Credit Intelligence European Performance Firm of the Year (Polygon) [25]
2016 EuroHedge Convertible & Volatility [26]
2015 HFMWeek Relative Value [27]
2014EuroHedge Convertible & Volatility [28]

Environmental, Social and Governance (ESG) policy

The investment manager of Tetragon is TFM, which is responsible for Tetragon's ESG policy. Tetragon takes into consideration ESG information when considering investments along with other economic and financial data.[29]

In July 2011, Daniel Silverstein, a shareholder of TFG, sued the firm. The suit was later dismissed in February, 2012.[30] 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.[31]

References
  1. "Tetragon Fin Grp: Company Profile". Euronext. 23 April 2020. Retrieved 23 April 2020.
  2. "Tetragon Financial Group Ltd". Financial Times. 22 April 2020. Retrieved 23 April 2020.
  3. GmbH, finanzen net. "Tetragon Financial Group Limited Investor Day Cancellation and Investor Update Call | Markets Insider". markets.businessinsider.com. Retrieved 2020-04-23.
  4. Editorial, Reuters. "TGONF.PK - Profile | Reuters". www.reuters.comundefined. Retrieved 2020-04-23. {{cite web}}: |first= has generic name (help)
  5. "2018 Annual Report" (PDF). 31 December 2018. p. 72. Retrieved 23 April 2020.
  6. "Tetragon Financial Group Ltd". Wall Street Journal. Retrieved 3 July 2014.
  7. "Tetragon Financial Group Ltd". www.barrons.com. 21 April 2020. Retrieved 2020-04-23.
  8. "TGONF - Tetragon Financial Group Ltd Company Profile - CNNMoney.com". money.cnn.com. Retrieved 2020-04-23.
  9. "Tetragon FIN GRP". Euronext. Retrieved 3 July 2014.
  10. Jones, Sam. "Polygon lists as part of reverse takeover". The Financial Times. Retrieved 3 July 2014.
  11. "Tetragon Financial Group Acquires Lyon Capital Management". Seward & Kissel. Retrieved 3 July 2014.
  12. "Tetragon Financial Group invests in GreenOak Real Estate". Property Funds World. Advent. 2 August 2010. Retrieved 3 July 2014.
  13. "Polygon bought by its listed affiliateTetragon for $99 million". EuroHedge. Hedge Fund Intelligence. November 1, 2012. Retrieved 3 July 2014.
  14. "Europe 50 2013:Europe's Largest Single Managers Ranked by AUM" (PDF). The Hedge Fund Journal. Retrieved 3 July 2014.
  15. Gourntis, Kalliope (24 October 2014). "Tetragon to acquire Equitix for £160m". Infrastructure Investor. Retrieved 23 February 2020.
  16. "Equitix: About Us". Equitix. Retrieved 23 February 2020.
  17. "TFG Asset Management broadens its structured credit investing business". Privateequitywire. 27 September 2019. Retrieved 23 February 2020.
  18. "Hawke's Point Holdings L.P. Makes Investment in Capricorn Metals". Market Watch. 22 May 2017. Retrieved 23 February 2020.
  19. Musah Baba, Razak (19 December 2018). "Bentall Kennedy and GreenOak merger creates $47bn global real estate platform". IP&E Real Assets. Retrieved 23 February 2020.
  20. "Tetragon Financial Group" (PDF). Edison. 9 April 2018. Retrieved 25 May 2020.
  21. "Tetragon Financial Group Limited (TFG) Monthly Update for April 2014". Yahoo Finance. May 29, 2014. Retrieved 3 July 2014.
  22. "Tetragon Financial Group Limited Performance Report for Period Ended 31 March 2014". PR Newswire. Retrieved 3 July 2014.
  23. "Polygon European Equity Opportunity Fund Wins 2019 EuroHedge Event Driven Award". finance.yahoo.com. Retrieved 2020-04-19.
  24. GmbH, finanzen net. "Polygon Convertible Opportunity Fund Wins Eurohedge Convertibles & Volatility Award For The Fifth Time | Markets Insider". markets.businessinsider.com. Retrieved 2020-04-19.
  25. Limited, Tetragon Financial Group. "Polygon Wins Manager of the Year and Convertible Fund of the Year". www.prnewswire.co.uk. Retrieved 2020-04-19.
  26. Limited, Tetragon Financial Group. "Polygon Convertible Opportunity Fund Wins Eurohedge Convertibles & Volatility Award For The Fourth Time". www.prnewswire.com. Retrieved 2020-04-19.
  27. "2015 HFMWeek Award Winner - Relative Value". Polygon. 2015-04-16. Retrieved 2020-04-19.
  28. "EuroHede Awards 2013". Hedge Fund Intelligence. Retrieved 3 July 2014.
  29. "Environmental, Social and Governance". www.tetragoninv.com. Retrieved 2020-08-30.
  30. "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."
  31. 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.