TT International Fund, a global macro strategy, lost 2.93% in the last month, pulling the year to date return down to +2.23%. TT International fund lost in shorts in GBP against the USD and was also not successful in its positions in European equities, according to details from an investor letter seen by ValueWalk. The fund managed to gain in long Chinese yuan positions against the USD, shorts in emerging market currencies versus USD, and in long gold positions.
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