Tetragon Financial Group

also referred to as: tetragon

9 statements across 2 episodes · 2 bullish · 0 bearish · 2 people on the record · first statement Aug 7, 2017 by Kip McDaniel · said 23 times in 2 episodes since 2017 · across every show →

Mentions by year

brought up most by Ted Seides (20), Reade Griffith (2), Kip McDaniel (1)

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Everything said about Tetragon Financial Group, oldest first

Aug 7, 2017 positive
Assertion Partly supported
Harvard rowing coach Harry Parker mentored Bill Ackman and Reade Griffith
“One of the most important people in my life, he actually was the most important people in a lot of people's lives in finance, is a guy named Harry Parker, who was the Harvard rowing coach for 53 years. He coached Bill Ackman, coached Reed Griffith, who runs Te…”
Kip McDaniel Aug 7, 2017 ▶ 1:04:17 Kip McDaniel – CIO Whisperer (Capital Allocators, EP.20)
Oct 17, 2022
Assertion Partly supported
Griffith: Tetragon has never issued shares or conducted an equity placing
“So the first thing is we've never issued shares, done a placing or anything like that.”
Reade Griffith Oct 17, 2022 ▶ 52:27 Reade Griffith – Managing Assets and Partnerships at Tetragon (Capital Allocators, EP.276)
Oct 17, 2022
Assertion Supported
Griffith: Tetragon manages $35B in client capital and $2.5B–$3B proprietary capital
“What Tetragon has under its asset management business, TFG asset management is what we call it, is we run about 35 billion of capital for our partner investors. We have two and a half, three billion of our own capital at the core”
Reade Griffith Oct 17, 2022 ▶ 32:28 Reade Griffith – Managing Assets and Partnerships at Tetragon (Capital Allocators, EP.276)
Oct 17, 2022 neutral
Disclosure
Griffith: Tetragon makes only small allocations to evaluate external managers
“We don't do much investing with other managers. It tends to be very small amounts, but it's just to really get to know them better and to learn about the industry better.”
Reade Griffith Oct 17, 2022 ▶ 37:56 Reade Griffith – Managing Assets and Partnerships at Tetragon (Capital Allocators, EP.276)
Oct 17, 2022
Insight
Griffith: European markets often misprice short-duration headline risks cheaply
“But what I've often seen is that there has been mispricing in Europe In what I perceive to be short duration risk, things that might happen in the next two or three months that could be very volatile, and you've been able to buy the equity market or currency o…”
Reade Griffith Oct 17, 2022 ▶ 28:03 Reade Griffith – Managing Assets and Partnerships at Tetragon (Capital Allocators, EP.276)
Oct 17, 2022 neutral
Disclosure
Griffith: Tetragon seeds new strategy teams internally before raising LP capital
“Then we tend to hire people and build a team, often investing our own capital in the beginning, helping get them going. And then when we think that the team is there and the infrastructure is there and it's oven ready, we then take it to investors with our own…”
Reade Griffith Oct 17, 2022 ▶ 38:27 Reade Griffith – Managing Assets and Partnerships at Tetragon (Capital Allocators, EP.276)
Oct 17, 2022
Insight
Griffith: Selling early-stage businesses within five years sacrifices value before liftoff
“The first five years, you're much more valuable to the business Then they are to you. If you have to sell it at that point, you're never going to get the value. It's just about to take off.”
Reade Griffith Oct 17, 2022 ▶ 50:29 Reade Griffith – Managing Assets and Partnerships at Tetragon (Capital Allocators, EP.276)
Oct 17, 2022
Assertion Supported
Griffith: Tetragon's Portfolio Cannot Be Replicated via Direct Fund Investments
“There are things that we do with our capital on our balance sheet, which isn't replicable, whether it's investments that we just make in public markets or private markets and hold on our balance sheet, maybe We've invested some money with a strategy we think i…”
Reade Griffith Oct 17, 2022 ▶ 55:26 Reade Griffith – Managing Assets and Partnerships at Tetragon (Capital Allocators, EP.276)
Oct 17, 2022 positive
Assertion Supported
Griffith: Tetragon delivered roughly 12% net NAV compounding over 15 public years
“We have compounded the NAV of the firm in a very consistent way over the 15 years we've been public with very low volatility. Now, our goal was to do 10 to 15% net after our fees to investors. I think we've done about 12, and the volatility has been quite low”
Reade Griffith Oct 17, 2022 ▶ 51:30 Reade Griffith – Managing Assets and Partnerships at Tetragon (Capital Allocators, EP.276)
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