Tetragon Financial Group - Revision history

95.149.241.133 at 20:16, 20 August 2022

2022-08-20T20:16:54Z

← Older revision		Revision as of 21:16, 20 August 2022
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	[[Category:Thesis]]		[[Category:Thesis]]
	[[Category:Equities]]		[[Category:Equities]]

			__INDEX__

>Louis at 16:08, 22 July 2022

2022-07-22T16:08:05Z

← Older revision		Revision as of 17:08, 22 July 2022
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	== References ==		== References ==
			<references />
			[[Category:Thesis]]
			[[Category:Equities]]

>Edison: /* Performance[1] */

2022-06-28T11:27:45Z

Performance[1]

← Older revision		Revision as of 12:27, 28 June 2022
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	{\| class="wikitable"		{\| class="wikitable"
	\|+Exhibit 5: Five-year discrete performance data<ref>Source: Refinitiv. Note: All % on a total return basis in pounds sterling.</ref>		\|+Exhibit 5: Five-year discrete performance data<ref>Source: Refinitiv. Note: All % on a total return basis in pounds sterling.</ref>
	\|12 months ending		!12 months ending
	\|Share price		!Share price

	(%)		(%)
	\|NAV		!NAV

	(%)		(%)
	\|MSCI AC World (%)		!MSCI AC World (%)
	\|UK All-Share (%)		!UK All-Share (%)
	\|S&P 500 (%)		!S&P 500 (%)
	\|-		\|-
	\|30/04/18		\|30/04/18

>Edison at 11:22, 28 June 2022

2022-06-28T11:22:53Z

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>Edison at 11:09, 28 June 2022

2022-06-28T11:09:23Z

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>Edison: /* Performance */

2022-06-28T11:06:18Z

Performance

← Older revision		Revision as of 12:06, 28 June 2022
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	'''Exhibit 3: Tetragon’s NAV per share development in FY21 and until April 2022 (US$/share)'''<ref name=":0" />		'''Exhibit 3: Tetragon’s NAV per share development in FY21 and until April 2022 (US$/share)'''<ref name=":0" />
	~~[[File:Tetragon’s NAV per share development in FY21 and until April 2022 (US$-share).png\|none\|thumb\|600x600px\|Tetragon’s NAV per share development in FY21 and until April 2022 (US$/share)]]~~

			[[File:Tetragon’s_NAV_per_share_development_in_FY21_and_until_April_2022_(US$-share).png\|600x600px]]


	'''Exhibit 4a: Price, NAV and benchmark total return performance, one-year rebased'''<ref name=":1">Source: Refinitiv, Bloomberg, Edison Investment Research. Note: *Performance data to end-April 2022, three-, five-, and 10-year performance annualised.</ref>
	[[File:Image6-6a9e7f8615868ef2676177f7ed26bd38.png\|504x504px]]
			'''Exhibit 4a: Price, NAV and benchmark total return performance, one-year rebased'''<ref name=":1">Source: Refinitiv, Bloomberg, Edison Investment Research. Note: *Performance data to end-April 2022, three-, five-, and 10-year performance annualised.</ref>[[File:Image6-6a9e7f8615868ef2676177f7ed26bd38.png\|504x504px]]



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	[[File:Image8-aa95304f94bd4fd2eb26fd7dbb7c830f.png\|506x506px]]		[[File:Image8-aa95304f94bd4fd2eb26fd7dbb7c830f.png\|506x506px]]

	'''Exhibit 7: FY21 and 4M22 NAV attribution by asset class (pp)<ref>Source: Tetragon Financial Group, Edison Investment Research Note: Share of Tetragon’s NAV at end-April 2022 stated on x-axis labels.</ref>'''[[File:Image9-810b23f9c2e66f6149c524cc520003cd.png\|507x507px]]		'''Exhibit 7: FY21 and 4M22 NAV attribution by asset class (pp)<ref>Source: Tetragon Financial Group, Edison Investment Research Note: Share of Tetragon’s NAV at end-April 2022 stated on x-axis labels.</ref>'''

			[[File:Image9-810b23f9c2e66f6149c524cc520003cd.png\|507x507px]]

	=== TFG Asset Management ===		=== TFG Asset Management ===

>Edison: /* TFG Asset Management managers */

2022-06-28T11:05:06Z

TFG Asset Management managers

← Older revision		Revision as of 12:05, 28 June 2022
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	'''Exhibit 4a: Price, NAV and benchmark total return performance, one-year rebased'''<ref name=":1">Source: Refinitiv, Bloomberg, Edison Investment Research. Note: *Performance data to end-April 2022, three-, five-, and 10-year performance annualised.</ref>		'''Exhibit 4a: Price, NAV and benchmark total return performance, one-year rebased'''<ref name=":1">Source: Refinitiv, Bloomberg, Edison Investment Research. Note: *Performance data to end-April 2022, three-, five-, and 10-year performance annualised.</ref>
	[[File:Image6-6a9e7f8615868ef2676177f7ed26bd38.png\|504x504px]]		[[File:Image6-6a9e7f8615868ef2676177f7ed26bd38.png\|504x504px]]



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	'''Exhibit 6: FY21 and 4M22 performance by asset class (%)<ref>Source: Tetragon Financial Group, Edison Investment Research. Note: Share of Tetragon’s NAV at end-April 2022 stated on x-axis labels.</ref>'''		'''Exhibit 6: FY21 and 4M22 performance by asset class (%)<ref>Source: Tetragon Financial Group, Edison Investment Research. Note: Share of Tetragon’s NAV at end-April 2022 stated on x-axis labels.</ref>'''

	'''Exhibit 7: FY21 and 4M22 NAV attribution by asset class (pp)<ref>Source: Tetragon Financial Group, Edison Investment Research Note: Share of Tetragon’s NAV at end-April 2022 stated on x-axis labels.</ref>'''		[[File:Image8-aa95304f94bd4fd2eb26fd7dbb7c830f.png\|506x506px]]

			'''Exhibit 7: FY21 and 4M22 NAV attribution by asset class (pp)<ref>Source: Tetragon Financial Group, Edison Investment Research Note: Share of Tetragon’s NAV at end-April 2022 stated on x-axis labels.</ref>'''[[File:Image9-810b23f9c2e66f6149c524cc520003cd.png\|507x507px]]

	=== TFG Asset Management ===		=== TFG Asset Management ===
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	Shareholders have an option to receive dividends in the form of shares and in FY21 US$11.6m (FY20: US$14.1m) out of the US$35.8m gross dividend paid during the year (FY20: US$44.8m) has been taken in shares by investors. The dividends paid in cash during 2021 amounted to US$24.2m (down from US$30.7m paid in 2020).		Shareholders have an option to receive dividends in the form of shares and in FY21 US$11.6m (FY20: US$14.1m) out of the US$35.8m gross dividend paid during the year (FY20: US$44.8m) has been taken in shares by investors. The dividends paid in cash during 2021 amounted to US$24.2m (down from US$30.7m paid in 2020).

	'''Exhibit 10: Dividend paid from period earnings (US$)'''		'''Exhibit 10: Dividend paid from period earnings (US$)'''<ref>Source: Tetragon Financial Group, Edison Investment Research.</ref>

			[[File:Image10-9c76e151f02607be458ad32f213682aa (1).png]]

			'''Exhibit 11: Repurchases and allotments (US$m)'''<ref>Source: Tetragon Financial Group, Edison Investment Research.</ref>

			[[File:Image11-63933d15583c566893a84cdc58cecd83.png]]

	== Discount ==		== Discount ==
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	'''Exhibit 12: Share price discount to NAV over five years (%)<ref>Source: Refinitiv, Tetragon Financial Group, Edison Investment Research.</ref>'''		'''Exhibit 12: Share price discount to NAV over five years (%)<ref>Source: Refinitiv, Tetragon Financial Group, Edison Investment Research.</ref>'''

			[[File:Image12-1c1f4e6a0f45a63c5f343d02b11e3e6e.png\|600x600px]]

	== Gearing: Fully invested and ungeared ==		== Gearing: Fully invested and ungeared ==
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	'''Exhibit 13: Major shareholders<ref>Source: Bloomberg, Tetragon Financial Group, as at 24 June 2022.</ref>'''		'''Exhibit 13: Major shareholders<ref>Source: Bloomberg, Tetragon Financial Group, as at 24 June 2022.</ref>'''

			[[File:Image13-25225fb3eec2844ad3ca488b2657a3ab.png\|507x507px]]

	'''Exhibit 14: Average daily volume<ref>Source: Refinitiv. Note: 12 months to 24 June 2022. Combined traded volume on Euronext Amsterdam, LSE and OTC markets.</ref>'''		'''Exhibit 14: Average daily volume<ref>Source: Refinitiv. Note: 12 months to 24 June 2022. Combined traded volume on Euronext Amsterdam, LSE and OTC markets.</ref>'''

			[[File:Image14-1c865a793407cf28a0da2af6b3caa1a8.png]]

	== The board ==		== The board ==

>Edison: /* Asset allocation */

2022-06-28T10:58:30Z

Asset allocation

← Older revision		Revision as of 11:58, 28 June 2022
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	'''Cumulative gross returns of Tetragon’s portfolio ex cash (rebased)<ref>Source: Tetragon, Edison Investment Research. Note: *Not adjusted for investments/disposals during respective years.</ref>'''		'''Cumulative gross returns of Tetragon’s portfolio ex cash (rebased)<ref>Source: Tetragon, Edison Investment Research. Note: *Not adjusted for investments/disposals during respective years.</ref>'''
	[[File:~~Cumulative gross returns of Tetragon’s portfolio ex cash~~ (rebased).png~~\|none\|thumb~~\|600x600px]]
			[[File:Cumulative_gross_returns_of_Tetragon’s_portfolio_ex_cash_(rebased).png\|600x600px]]

	=== Why invest in Tetragon Financial Group? ===		=== Why invest in Tetragon Financial Group? ===
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	'''Exhibit 1: Portfolio by asset class (April 2022)<ref name=":0">Source: Tetragon Financial Group, Edison Investment Research.</ref>'''		'''Exhibit 1: Portfolio by asset class (April 2022)<ref name=":0">Source: Tetragon Financial Group, Edison Investment Research.</ref>'''

	[[File:Portfolio by asset class (April 2022).png\|506x506px]]		[[File:Portfolio by asset class (April 2022).png\|506x506px]]


	'''Exhibit 2: Portfolio exposure by manager (March 2022)<ref name=":0" />'''		'''Exhibit 2: Portfolio exposure by manager (March 2022)<ref name=":0" />'''

	[[File:Portfolio exposure by manager (March 2022).png]]		[[File:Portfolio exposure by manager (March 2022).png]]

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	'''Exhibit 3: Tetragon’s NAV per share development in FY21 and until April 2022 (US$/share)'''<ref name=":0" />		'''Exhibit 3: Tetragon’s NAV per share development in FY21 and until April 2022 (US$/share)'''<ref name=":0" />
	[[File:Tetragon’s NAV per share development in FY21 and until April 2022 (US$-share).png\|none\|thumb\|600x600px\|Tetragon’s NAV per share development in FY21 and until April 2022 (US$/share)]]		[[File:Tetragon’s NAV per share development in FY21 and until April 2022 (US$-share).png\|none\|thumb\|600x600px\|Tetragon’s NAV per share development in FY21 and until April 2022 (US$/share)]]



	'''Exhibit 4a: Price, NAV and benchmark total return performance, one-year rebased'''<ref name=":1">Source: Refinitiv, Bloomberg, Edison Investment Research. Note: *Performance data to end-April 2022, three-, five-, and 10-year performance annualised.</ref>		'''Exhibit 4a: Price, NAV and benchmark total return performance, one-year rebased'''<ref name=":1">Source: Refinitiv, Bloomberg, Edison Investment Research. Note: *Performance data to end-April 2022, three-, five-, and 10-year performance annualised.</ref>
	[[File:Image6-6a9e7f8615868ef2676177f7ed26bd38.png\|504x504px]]		[[File:Image6-6a9e7f8615868ef2676177f7ed26bd38.png\|504x504px]]



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	'''Exhibit 6: FY21 and 4M22 performance by asset class (%)<ref>Source: Tetragon Financial Group, Edison Investment Research. Note: Share of Tetragon’s NAV at end-April 2022 stated on x-axis labels.</ref>'''		'''Exhibit 6: FY21 and 4M22 performance by asset class (%)<ref>Source: Tetragon Financial Group, Edison Investment Research. Note: Share of Tetragon’s NAV at end-April 2022 stated on x-axis labels.</ref>'''


	'''Exhibit 7: FY21 and 4M22 NAV attribution by asset class (pp)<ref>Source: Tetragon Financial Group, Edison Investment Research Note: Share of Tetragon’s NAV at end-April 2022 stated on x-axis labels.</ref>'''		'''Exhibit 7: FY21 and 4M22 NAV attribution by asset class (pp)<ref>Source: Tetragon Financial Group, Edison Investment Research Note: Share of Tetragon’s NAV at end-April 2022 stated on x-axis labels.</ref>'''
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	'''Exhibit 13: Major shareholders<ref>Source: Bloomberg, Tetragon Financial Group, as at 24 June 2022.</ref>'''		'''Exhibit 13: Major shareholders<ref>Source: Bloomberg, Tetragon Financial Group, as at 24 June 2022.</ref>'''


	'''Exhibit 14: Average daily volume<ref>Source: Refinitiv. Note: 12 months to 24 June 2022. Combined traded volume on Euronext Amsterdam, LSE and OTC markets.</ref>'''		'''Exhibit 14: Average daily volume<ref>Source: Refinitiv. Note: 12 months to 24 June 2022. Combined traded volume on Euronext Amsterdam, LSE and OTC markets.</ref>'''
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	\|0.01%		\|0.01%
	\|}		\|}

			== References ==

>Edison: Created page with "'''Offering a diverse exposure to alternative assets''' Tetragon Financial Group logo == Summary == '''Tetragon Financial Group (Tetragon) focuses on alternative asset classes offering excess risk-adjusted returns (ie ‘intrinsic alpha’). This includes private equity holdings in alternative asset managers, investments in funds, as well as balance sheet investments in alternative assets. Tetragon posted a 14.1% NAV tota..."

2022-06-28T10:55:51Z

Created page with "'''Offering a diverse exposure to alternative assets''' thumb|Tetragon Financial Group logo == Summary == '''Tetragon Financial Group (Tetragon) focuses on alternative asset classes offering excess risk-adjusted returns (ie ‘intrinsic alpha’). This includes private equity holdings in alternative asset managers, investments in funds, as well as balance sheet investments in alternative assets. Tetragon posted a 14.1% NAV tota..."

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