Tetragon Financial Group (TGONF) Q4 2024 Earnings Call Transcript

2025-03-05 16:26:56 ET

Tetragon Financial Group (TGONF)

Q4 2024 Earnings Conference Call

March 05, 2025, 10:30 AM ET

Company Participants

Paddy Dear - Co-Founder

Paul Gannon - Chief Financial Officer

Steve Prince - Chief Executive Officer-TFG Asset Management

Conference Call Participants

Presentation

Operator

Good afternoon. Thank you for joining Tetragon Investor Call Full Year 2024. You are all in listen only mode. The call will be accompanied by a live presentation, which can be viewed online by registering at the link provided in the company's conference call press release. This press release can be found on the homepage of the company's website, www.tetragoninv.com. In addition, questions can be submitted online while watching the presentation. As a reminder, this call is being recorded.

I will now turn you over to Paddy Dear to commence the presentation.

Paddy Dear

As one of the principals and founders of the Investment Manager of Tetragon Financial Group Limited, I would like to welcome you to our investor call, which will focus on the company's 2024 results. Paul Gannon, our CFO, will review the company's financial performance for the period. Steve Prince and I will talk through some of the detail of the portfolio and performance, and Steve will spend some time discussing the outlook. As usual, we'll conclude with questions, those taken electronically via our web-based system at the end of the presentation as well as those received since the last update. The PDF of the slides are now available to download on our website, and if you're on the webcast, directly from the webcast portal.

Before I go into the presentation, some reminders. First, Tetragon's shares are subject to restrictions on ownership by U.S. persons and are not intended for European retail investors, and these are described on our website. Tetragon anticipates that its typical investors will be institutional and professional investors who wish to invest for the long term and have experience in investing in financial markets and collective investment undertakings who are capable themselves of evaluating the merits and risks of Tetragon shares and who have sufficient resources both to invest in potentially illiquid securities and to be able to bear any losses that may result from the investment, which may equal the whole amount invested.

I'd like to remind everyone that the following may contain forward-looking comments, including statements regarding the intentions, beliefs or current expectations concerning performance and financial condition on the products and markets in which Tetragon invests. Our performance may change materially as a result of various possible events or factors.

So with that as an intro, I'd like to pass over to Paul.

Paul Gannon

Tetragon continues to focus on three key metrics when assessing how value is being created for and delivered to Tetragon shareholders. How value is being created via the NAV per share total return, how investment returns are contributing to value creation measured as a return on equity and how value is being returned to shareholders through distributions, mainly in the form of dividends....

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