TT International (TT) has launched the TT EM Macro Strategy, a hedge fund investing predominantly across interest rates, foreign exchange, sovereign and corporate credit within emerging markets (EM).
The strategy will capitalise on top-down factors and catalysts impacting EM, targeting alpha generation on both the long and short sides. Led by TT’s head of emerging markets debt, Jean-Charles Sambor, the team has a strong track-record of alpha generation across EM fixed income asset classes through hedge funds, long-only and long-biased strategies, according to a statement by the firm.
The strategy aims to capture specific EM macro alpha streams, which are often overlooked by traditional macro managers.
This announcement follows recent launches of three distinct EM strategies by TT last year to provide solutions to different client needs – the TT EM Debt Strategy, the TT EM Hard Currency Debt Strategy, and on the equity side, the TT Emerging Markets Long/Short Strategy.
Eric Mackay, managing director, TT International, said: “Having launched our first EM strategy back in 2011, the unveiling of our new macro strategy completes our EM product suite, positioning us as a leading EM cross-asset house.”
Sambor, head of emerging markets debt, TT International, added: “We expect top-down macro factors to increasingly dominate EM investing amid heightened geopolitical risk and a multi-polarisation of the global economy. Elevated volatility combined with changes in risk perception and market structure should create fertile ground for long-term alpha generation in EM macro investing.”
