"Vicious Rotation" Gripping EU Says TT International

Stocks positioned in the developing world performed well last year, but this year “a vicious rotation has gripped markets” and “there has been an aggressive rotation out of growth and momentum shares into value stocks,” according to a report from top European hedge fund, TT International.

TT International - Vicious rotation: Former market leaders fall nearly 25%

The TT International DB Platinum Fund, a multi-asset class global macro fund with $1.2 billion under management, was down -0.50 percent in May and is down -3.79 percent year to date. TT European Long / Short fund was down -1.97 percent in May and is down...