Tetragon Financial Group

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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.[1] TFG’s hedge funds are members of the AIMA, the IMA and the Hedge Fund Standards Board.[2] TFG was founded on June 23, 2005.[3]

History[edit]

Tetragon Financial Group was founded in 2005.[3] It is registered in Saint Peter Port, Guernsey in the Channel Islands and headquartered in the United Kingdom.[1] In 2007, TFG went public with an IPO, selling at $10/share, as an Amsterdam-listed closed-end investment company on Euronext.[4] In 2010, Tetragon acquired Lyon Capital Management LLC (“LCM”)[5] and established a joint venture with John Carrafiell, Sonny Kalsi and Fred Schmidt of GreenOak Real Estate.[6] In October 2012, TFG purchased Polygon Management[7] (“Polygon”). In 2013, Polygon was listed as one of the 50 largest hedge fund managers in Europe by The Hedge Fund Journal.[8]

Leadership[edit]

Paddy Dear (CEO) and Reade Griffith (CIO) are both directors of Tetragon Financial Group.[9][10] Mike Humphries joined in 2009 as the CIO of the Polygon Convertible Opportunity Fund.[11]

Business Model[edit]

TFG has an investment portfolio with a NAV of $1.8 billion.[12] 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.[13]

Awards[14][15][edit]

Jan 23, 2014 2013 EuroHedge Award Winner- Convertible & Volatility category[16]
Jan 26, 2012 2011 EuroHedge Award Winner – Convertible, Volatility and Event Driven category[17]
May 6, 2011 2011 HFMWeek Award Winner - Newcomer - Equity category[18]
Jan 27, 2011 2010 EuroHedge Award winner, New Fund of the Year – Equity Strategies category[19]

Corporate Responsibility[edit]

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.[20]

Legal Action[edit]

In July 2011, Daniel Silverstein, a shareholder of TFG, sued the firm. The suit was later dismissed in February, 2012.[21] In June 2013, Omega Overseas Partners filed a lawsuit against the firm.[22] On August 7, 2014, in an opinion by Judge Richard J. Sullivan, the Court dismissed the Action in its entirety.[23]

External links[edit]

References[edit]

  1. ^ a b "Tetragon FIN GRP". Euronext. Retrieved 3 July 2014. 
  2. ^ "Signatories". Hedge Fund Standards Board. Retrieved 3 July 2014. 
  3. ^ a b "Tetragon Financial Group Ltd". Wall Street Journal. Retrieved 3 July 2014. 
  4. ^ Jones, Sam. "Polygon lists as part of reverse takeover". The Financial Times. Retrieved 3 July 2014. 
  5. ^ "Tetragon Financial Group Acquires Lyon Capital Management". Seward & Kissel. Retrieved 3 July 2014. 
  6. ^ "Tetragon Financial Group invests in GreenOak Real Estate". Property Funds World. Advent. Retrieved 3 July 2014. 
  7. ^ "Polygon bought by its listed affiliateTetragon for $99 million". EuroHedge. Hedge Fund Intelligence. November 1, 2012. Retrieved 3 July 2014. 
  8. ^ "Europe 50 2013:Europe's Largest Single Managers Ranked by AUM" (PDF). The Hedge Fund Journal. Retrieved 3 July 2014. 
  9. ^ Patrick, Margot (Nov 14, 2013). "Tetragon Hiring For Distressed Credit Hedge Fund". Markets and Finance. The Wall Street Journal. Retrieved 3 July 2014. 
  10. ^ "Tetragon Financial Group Ltd". Bloomberg Business Week. Retrieved 3 July 2014. 
  11. ^ "Eurohedge Summit 2010". Hedge Fund Intelligence. Retrieved 3 July 2014. 
  12. ^ "Tetragon Financial Group Limited (TFG) Monthly Update for April 2014". Yahoo Finance. May 29, 2014. Retrieved 3 July 2014. 
  13. ^ "Tetragon Financial Group Limited Performance Report for Period Ended 31 March 2014". PR Newswire. Retrieved 3 July 2014. 
  14. ^ "Media". Polygon. Retrieved 3 July 2014. 
  15. ^ "Media-2013". Polygon. Retrieved 3 July 2014. 
  16. ^ "EuroHede Awards 2013". Hedge Fund Intelligence. Retrieved 3 July 2014. 
  17. ^ "EuroHedge Awards 2011". Hedge Fund Intelligence. Retrieved 3 July 2014. 
  18. ^ "HFM European Awards-2011". HFM Week Online. Retrieved 3 July 2014. 
  19. ^ "EuroHedge Awards 2010". Hedge Fund Intelligence. Retrieved 3 July 2014. 
  20. ^ "BACIT Limited ("BACIT") is a closed-ended investment company". BACIT. Retrieved 3 July 2014. 
  21. ^ "Silverstein ex rel. Tetragon Fin. Grp. Ltd. v. Knief". Case Text. 2012-02-14. Retrieved 3 July 2014. “Therefore, the defendants' motions to dismiss are granted and the Complaint is dismissed in its entirety with prejudice.”  Check date values in: |year= / |date= mismatch (help)
  22. ^ "Omega Overseas Partners, Ltd. v. Reade Griffith, Patrick Dear, Byron Knief, Greville V.B. Ward, Rupert Dorey, David Jeffreys, Jeff Herlyn, Michael Rosenberg, David Wishnow, Tetragon Financial Management LP, Tetragon Financial Management GP LLC, Polygon Credit Holdings Ltd." US Federal Court Recently Filed Cases (RFC). June 18, 2013. Retrieved 3 July 2014. 
  23. ^ Hurtado, Patricia. "Omega's Tetragon Lawsuit Over Polygon Deal Thrown Out". Bloomberg. Retrieved 20 October 2014.