Teun Draaisma, the former top-ranked European equity strategist
at Morgan Stanley who joined Tim Tacchi’s big TT
International group last year, appears to be finding his stride
with the new TT Equity Macro Fund Europe that he and his team
launched in December.
The TT EMF Europe fund had a very solid second quarter of
the year – producing positive returns in all three
months of April, May and June, in stark contrast to the
majority of long/short equity and macro funds in Europe.
TT Equity Macro was up by 0.35% in April, gained 1.7% in May
and managed a small gain of 0.09% in June – when most
long/short equity funds suffered for a second month running
– to record a cumulative gain for the second quarter
Following a rocky first quarter of this year, when it was
down in each of...