Tetragon Financial Group (Tetragon) reported a 9.5% NAV TR in FY20 in US dollar terms. Its main value driver remains TFG Asset Management, which delivered a 24% return in FY20 as it continues to expand its assets under management (AUM, up by 10% in FY20 mainly assisted by Equitix). In contrast, Tetragon’s CLO and real estate investments were a drag on FY20 performance. Moreover, Polygon funds (the majority of Tetragon’s exposure to hedge funds) delivered positive returns, but below broader equit ....
27 Apr 2021
Tetragon Financial Group - TFG Asset Management grows in AUM and value
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Tetragon Financial Group - TFG Asset Management grows in AUM and value
Tetragon Financial Group Limited (TFG:LON) | 992 0 0.0% | Mkt Cap: 1,386m
- Published:
27 Apr 2021 -
Author:
Milosz Papst -
Pages:
12
Tetragon Financial Group (Tetragon) reported a 9.5% NAV TR in FY20 in US dollar terms. Its main value driver remains TFG Asset Management, which delivered a 24% return in FY20 as it continues to expand its assets under management (AUM, up by 10% in FY20 mainly assisted by Equitix). In contrast, Tetragon’s CLO and real estate investments were a drag on FY20 performance. Moreover, Polygon funds (the majority of Tetragon’s exposure to hedge funds) delivered positive returns, but below broader equit ....