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Alternative Market Briefing

Hedge fund manager Vikram Kumar to separate from TT

Wednesday, June 22, 2016

Benedicte Gravrand, Opalesque London for New Managers:

Mid-cap stocks specialist Vikram Kumar, 35, is to separate from his firm, London-headquartered TT International, and take with him the fund he started there three years ago and its investment team.

The independent structure is to be launched on 1 January 2017.

A TT spokesman told Opalesque the TT Long-Short Focus Fund’s strategy is European long/short equity, focused on mid-caps ($1-10bn). It applies fundamental, bottom up research and invests in a concentrated manner. It currently has $496m in assets under management.

The estimated month to date return for May is +2.33% net, with a year to date return of -2.78% net. Comparatively, the Eurekahedge long short equity hedge fund index returned 0.80% in May and -0.66% YTD. The fund's cumulative performance from its July 2013 inception is +34.26%.

Last year, Kumar, a former batsman at Cambridge University, stuck by his investments even though the fund had lost money in 2014, reported Daily News. His then $420m fund bounced back to return about 27%. It was the fifth best performer in Bloomberg’s global ranking of the top 25 hedge funds with between $250m and $1bn in assets. Apparently, his bets on Dutch navigation software maker TomTom and Spanish ......................

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