Investment Trusts

Tetragon Financial Group Ltd

TFG:AEX

Tetragon Financial Group Ltd

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  • Price (USD)9.36
  • Today's Change-0.10 / -1.06%
  • Shares traded60.04k
  • 1 Year change-24.21%
  • Beta0.8768
Data delayed at least 15 minutes, as of Nov 23 2020 16:29 GMT.
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About the company

Tetragon Financial Group Ltd is a closed-ended investment company. The Company 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. Where appropriate, through TFG Asset Management, it seeks to own all, or a portion, of asset management companies with which it invests in order to enhance the returns achieved on its capital. Its investment objective is to generate distributable income and capital appreciation. It is focused on providing stable returns to investors across various credit, equity, interest rate, inflation and real estate cycles. The Company’s investment manager is Tetragon Financial Management LP.

  • Revenue in USD (TTM)161.00m
  • Net income in USD67.70m
  • Incorporated2005
  • Employees280.00
  • Location
    Tetragon Financial Group LtdMill Court, La CharroterieSAINT PETER PORT GY1 1EJGuernseyGGY
  • Phone+44 2 079018326
  • Websitehttp://www.tetragoninv.com
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Profile

Management group(s)--
AIC sectorFlexible Investment
ISINGG00B1RMC548
Launch date19 Apr 2007
Share typeOrdinary Share
Structure--
Base currencyUSD

Objective

The current investment strategy of the company is: To identify attractive asset classes and investment strategies; to identify asset managers it believes to be superior; to use the market experience of the investment manager of Tetragon to negotiate favourable terms for its investments; to own, where appropriate, all, or a portion of, asset management companies with which it invests in order to enhance the returns achieved on its capital.

Managed by

Not Disclosed

Management & contract fees

Management fee of 1.5% p.a. of the NAV payable monthly in advance prior to the deduction of any accrued incentive fees. The Issuer will also pay an incentive fee equal to 25% of the increase in the NAV above i) the reference NAV plus; ii) the hurdle for the period. See the TFG website for more details.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Boussard & Gavaudan Holding Limited24.23m15.05m314.32m87.0039.120.8054--12.970.47540.47541.0423.100.0385--18.41234,895.502.393.782.574.2498.0297.5362.1356.37----0.00--198.72-9.92146.07-7.80----
BIP Investment Partners SA24.20m-674.65k412.53m----0.2259--17.05-0.1309-0.13094.6880.120.0572--1.49---0.1595-2.97-0.1601-3.0096.6448.12-2.79-77.45----0.00---35.87-30.19131.83-53.29-23.16-6.73
Cenergy Holdings SA1.04bn28.40m423.82m2.09k14.901.517.310.40690.12620.12624.631.250.87133.843.21420,826.202.38--5.45--11.47--2.73--0.48732.050.6682---0.5998--194.26------
TINC Comm VA26.68m21.15m553.95m--22.661.05--20.760.56720.56720.693412.260.0578--54.08--4.58--4.59------79.29----284.460.00---9.29---11.93------
Tetragon Financial Group Limited161.00m67.70m1.30bn280.0016.500.3742--8.100.56610.56611.6424.960.068--3.87--2.8610.312.8610.4457.5877.5042.0570.42--13.770.062229.2039.236.9419.2519.52--18.82
Gimv Investeringsmaatschap Vor Vlndrn NV172.51m-179.69m1.49bn91.00--1.11--8.61-5.97-5.975.7243.460.105--48.041,599,077.00-11.475.70-11.785.9487.8193.02-109.2133.32--0.43080.18494.05-35.20-11.09-235.24-----0.9711
KBC Ancora BV91.95m72.14m3.19bn--44.390.9584--34.670.77360.77360.994235.830.0249--7,429.24--1.959.301.959.4381.3489.7778.45169.23--38,757.800.108945.30-71.42-12.95-76.02-14.57----
Rolinco NV64.80m95.16m3.42bn0.003.950.4383--52.8413.3813.388.85121.560.0723--20.06--10.6211.7710.6211.7988.6090.66146.85127.45----0.006.26-31.75-3.77664.7923.49--20.11
Pershing Square Holdings Ltd2.43bn1.85bn6.36bn--3.280.889--2.629.119.1111.7633.630.312--531.33--24.57-0.645525.25-0.688679.76-3.3278.76-28.40----0.1944--8,585.5210.732,392.3044.78----
Data as of Nov 23 2020. Currency figures normalised to Tetragon Financial Group Ltd's reporting currency: US Dollar USD

Institutional shareholders

8.50%Per cent of shares held by top holders
HolderShares% Held
Goldman Sachs Asset Management LPas of 11 Jul 20194.71m3.37%
Asset Value Investors Ltd.as of 30 Aug 20194.14m2.97%
Deschutes Portfolio Strategy LLCas of 30 Sep 20201.03m0.74%
Jupiter Asset Management Ltd.as of 31 Jul 2020500.00k0.36%
Premier Fund Managers Ltd.as of 31 Jul 2020484.98k0.35%
Miton Asset Management Ltd.as of 30 Jun 2020420.86k0.30%
Davy Global Fund Management Ltd.as of 31 Oct 2018210.00k0.15%
Momentum Manager of Managers (Pty) Ltd.as of 31 Dec 2018149.67k0.11%
BMO Asset Managers Ltd.as of 30 Nov 2019148.05k0.11%
CG Asset Management Ltd.as of 30 Sep 202086.00k0.06%
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Data from 30 Jun 2020 - 30 Sep 2020Source: FactSet Research Systems Inc.
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