Tetragon Financial Group’s (Tetragon’s) NAV declined 3.5% in H122 in total return terms, compared to a 20% fall in the MSCI ACWI Index (based on Refinitiv). The portfolio revaluation contributed 4.1pp to the decline, which was mostly due to a Q122 loss on Tetragon’s direct exposure to a publicly quoted biotech company and the downward revaluation of Equitix on the back of public multiples contraction. The best-performing assets in the portfolio were collateralised loan obligations (CLOs, which a ....
26 Aug 2022
Tetragon Financial Group - More resilient than public equities in H122
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Tetragon Financial Group - More resilient than public equities in H122
Tetragon Financial Group Limited (TFG:AMS) | 0 0 0.0%
- Published:
26 Aug 2022 -
Author:
Milosz Papst -
Pages:
4
Tetragon Financial Group’s (Tetragon’s) NAV declined 3.5% in H122 in total return terms, compared to a 20% fall in the MSCI ACWI Index (based on Refinitiv). The portfolio revaluation contributed 4.1pp to the decline, which was mostly due to a Q122 loss on Tetragon’s direct exposure to a publicly quoted biotech company and the downward revaluation of Equitix on the back of public multiples contraction. The best-performing assets in the portfolio were collateralised loan obligations (CLOs, which a ....