Professional
Added to YB: 2025-06-16
Pitch date: 2025-06-12
TFG.AS [bullish]
Tetragon Financial Group Limited
+7%
current return
Author Info
No bio for this author
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Company Info
Tetragon Financial Group Limited is a close ended feeder fund launched and managed by Tetragon Financial Management LP.
Market Cap
$1.2B
Pitch Price
$15.00
Price Target
41.00 (+155%)
Dividend
3.12%
Sector
Capital Markets
Category
value
Show full summary:
Deep Discount, Aligned Incentives, and a Ripple Catalyst: The Case for Tetragon Financial
TFG.AS: Trades at $14 (60% discount to $35 NAV). Owns 4.5M Ripple shares marked at $53/sh vs $175 tender price = $438M excess value ($5.4/sh). True NAV ~$40-41. Potential Ripple IPO at $380/sh = $15/sh additional value. Sketchy mgmt owns 40% but incentivized by $1.2B windfall. Deep discount with huge upside optionality.
Read full article (2 min)