TT International Floats $500M Macro HF

U.K. asset manager,TT International, has launched a new European equities long/short macro-driven fund,HFMWeekreports. TheTT Equity Macro Fund Europewas rolled out with internal capital worth $106 million.

Teun Draaisma, former European equity strategy head atMorgan Stanley, is the portfolio manager for the strategy. The vehicle, which has a capacity of $500 million, typically invests in three or four themes, including 100-200 individual stocks.

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