As the Tetragon Financial investment trust celebrates its ten-year anniversary, founder and manager Paddy Dear discusses how the company turned from a niche fund to an almost $2bn business and how he "prepares for the unknown".
The $1.9bn Tetragon Financial investment trust is not the most talked about vehicle in the closed-ended sector, with its unique investments and purely bottom-up process. But it is one of the largest and the best performing in its Association of Investment Companies (AIC) Flexible Investment sector, reaching the top of the table in the last five and ten years and having just as good returns in 2017 so far, while also narrowing its discount. According to the AIC, the trust is the number one performer in the sector, with a share price total return of 130% over five years to 16 June, and ...
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