After 24 years with Morgan Stanley, Danny Hegglin moved to a team of 10 at TT with the aim of expanding the business in Asia at a time when most hedge funds were downsizing
The last year has been a period in which most hedge funds firms have elected to hunker down rather than expand, but TT International is bucking the trend by branching out in Asia, and putting the resources in place to send a strong signal to investors about its ambitions in the region.
In the summer, TT's founder Tim Tacchi brought in Danny Hegglin to spearhead a process of growth and diversification away from Europe, not only on the fund management side, but also in terms of asset gathering. Hegglin came to TT having clocked up a 24-year stint with Morgan Stanley, where latterly he ran the region's institutional equities and fixed income divisions. Having...