TT International +3.89% In Q1,Gains From Banco Santander Short

TT International, a $1.4 billion multi strategy hedge fund, is bearish on the metal mining sector, which is evident from a string of shorts in the sector as discussed in a previous post. Additionally TT also has a short bet in Anglo American plc (PINK:AAUKY) (LON:AAL). According to their latest Q1 letter, the short would be below threshold level since it is not disclosed publicly yet.

TT International Fund detracted 0.34 percent in March, finishing the quarter up 3.89 percent. In equities, the fund gained from shorts in Anglo American plc (PINK:AAUKY) (LON:AAL) and Banco Santander, S.A. (NYSE:SAN) (MCE:SAN), Spain's largest bank. The fund profited from...