London Stock Exchange welcomes Tetragon Financial Group
London Stock Exchange welcomes Tetragon Financial Group Limited (TFG) to the Specialist Funds Market. TFG will be the largest issuer admitted to trading on the SFM with net assets of approximately U.S.$2.0 billion. The SFM admission follows TFG’s IPO on Euronext Amsterdam in April 2007.
TFG’s investment objective is to generate distributable income and capital appreciation. It aims to provide stable returns to investors across various credit, equity, interest rate, inflation and real estate cycles. TFG’s investment portfolio comprises a broad range of assets, including an asset-management business (TFG Asset Management), and covers bank loans, real estate, equities, credit, convertible bonds and infrastructure. Assets under management for TFG Asset Management as of 30 September 2015 totalled approximately $15.5 billion. TFG’s return on equity for the first three quarters of 2015 was an annualised 8.8% and the dividend yield was in excess of 6.5%.
Paddy Dear, Co-Founder, said, "Joining the Specialist Funds Market is a significant milestone for TFG. TFG has an increasingly diversified portfolio as well as a growing alternative asset manager in TFG Asset Management. We hope that the Specialist Funds Market will help TFG with improved liquidity through access to a broader investor base and expanded analyst coverage."
Stifel Nicolaus Europe Ltd. and Cantor Fitzgerald are joint corporate brokers to the company.