Founded 23 June 2005 | ||
Stock price TFG (AMS) US$ 12.20 -0.08 (-0.65%)29 Mar, 5:28 PM GMT+2 - Disclaimer Headquarters Saint Peter Port, Guernsey Founders Reade Griffith, Paddy Dear | ||
Tetragon Financial Group Limited (“TFG”) is a closed-ended investment company which is traded on the NYSE Euronext exchange in Amsterdam. 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. TFG has two main business divisions: an asset management platform and an investment portfolio. TFG’s hedge funds are members of the AIMA, the IMA and the Hedge Fund Standards Board. TFG was founded on June 23, 2005.
Contents
History
Tetragon Financial Group was founded in 2005. It is registered in Saint Peter Port, Guernsey in the Channel Islands and headquartered in the United Kingdom. In 2007, TFG went public with an IPO, selling at $10/share, as an Amsterdam-listed closed-end investment company on Euronext. In 2010, Tetragon acquired Lyon Capital Management LLC (“LCM”) and established a joint venture with John Carrafiell, Sonny Kalsi and Fred Schmidt of GreenOak Real Estate. In October 2012, TFG purchased Polygon Management (“Polygon”). In 2013, Polygon was listed as one of the 50 largest hedge fund managers in Europe by The Hedge Fund Journal.
Leadership
Paddy Dear (CEO) and Reade Griffith (CIO) are both directors of Tetragon Financial Group. Mike Humphries joined in 2009 as the CIO of the Polygon Convertible Opportunity Fund.
Business Model
TFG has an investment portfolio with a NAV of $1.8 billion. TFG Asset Management consists of three main investment managers: the Polygon group of hedge funds $1.4 billion; LCM, a $4.9 billion CLO manager; and GreenOak, a real estate investment firm managing $4.1 billion.
Corporate Responsibility
TFG is the largest contributor to BACIT, a UK investment vehicle that gives 1 percent of its NAV annually to charity; 50 percent to the Institute of Cancer Research and 50 percent to the BACIT Foundation.
Legal Action
In July 2011, Daniel Silverstein, a shareholder of TFG, sued the firm. The suit was later dismissed in February, 2012. 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.