26th Feb 2021 12:19
(Alliance News) - Tetragon Financial Group Ltd on Friday said its performance improved in 2020 despite challenging environment.
The investment company said its net asset value per share as at the end of 2020 stood at USD26.57, up from USD24.76 posted a year earlier.
Tetragon Financial cut its dividend for 2020 to USD0.40 per share from USD0.74 paid for 2019.
The stock was trading 1.4% higher in London on Friday at 725.00 pence each.
The company noted that 2020 presented one of the most challenging investment environments since the global financial crisis in 2008. Tetragon Financial said four of its portfolio's asset classes produced performance gains for the year with two producing losses.
Going forward, the company noted that there are some macro-economic and pandemic-related "externalities" which will likely be important drivers of returns across many asset classes in 2021.
By Evelina Grecenko; [email protected]
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