Launches & Closures

TT plots equity macro fund for ex-MS star Draaisma


Teun Draaisma, the former top-ranked European equity strategist at Morgan Stanley who joined TT International in the summer, is planning to launch his new fund in December.

The TT Equity Macro Fund Europe will differ from most traditional equity long/short funds in that it will be driven by Draaisma's top-down macro themes, but implemented by investing in customised thematic baskets of stocks, as well as sectors, countries or style indices. Draaisma, who describes his process as having "a disciplined quantitative investment framework", will work with Edmund Ng - who also joins TT from Morgan Stanley. At Morgan Stanley, Draaisma