TT International has launched two emerging market (EM) debt strategies as the firm looks to expand its reach into the fixed income asset class.
Both strategies will be managed by Jean-Charles Sambor and his team, who joined the firm earlier this year.
The TT EM Debt Strategy will be a long-biased “go-anywhere” offering with a blended benchmark (50% J.P. Morgan EMBI Global Diversified Index/50% J.P. Morgan Government Bond–Emerging Market Index).
The TT EM Hard Currency Debt Strategy will be fully benchmarked against the J.P. Morgan EMBI Global Diversified Index.
The firm said both strategies will target mispricing opportunities across four sub-asset classes: sovereign credit; corporate credit; FX; and rates.
Jean-Charles Sambor, head of emerging markets debt, TT International, said: “The traditional concepts of ‘happy’ globalisation and emerging markets converging with developed ones are outdated and need to be disrupted.”
“In many cases, emerging markets now exhibit stronger fundamentals than their developed market counterparts. We have a contrarian DNA, focusing on market ‘blind spots’ and overlooked scenarios that are prevalent across EM Debt markets.”
“We believe that the new geopolitical landscape will be characterised by heightened volatility, creating even more opportunities for nimble and active managers, that we look forward to exploiting.”
Eric Mackay, managing director, TT International, said: “I am confident that JC [Jean-Charles Sambor] and his team can capitalise on the deep synergies between our EM equity and debt franchises, and we look forward to offering clients these market-leading EM debt strategies via the newly launched funds.”
“With support from our strong parent, SMFG [Sumitomo Mitsui Financial Group], we aim to leverage one of the world’s largest EM footprints to thrive against a backdrop where many peers have suffered from outflows, a lack of differentiated process, and underperformance.”
TT International is also set to launch a hedge fund in early 2025.
