Ex-MS strategist Draaisma finds stride with macro theme-driven TT Equity Macro Fund

Fri Jul 22, 2011




Teun Draaisma
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 of 2.15%.

Following a rocky first quarter of this year, when it was down in each of...

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