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TT International launches new EM Macro Strategy

Thursday, April 03, 2025
Opalesque Industry Update - TT International, an alpha-driven specialist investment manager, has launched the TT EM Macro Strategy, a hedge fund investing predominantly across interest rates, foreign exchange, sovereign and corporate credit within Emerging Markets (EM).

The strategy will capitalise on top-down factors and catalysts impacting EM, targeting alpha generation on both the long and short sides. Led by TT's Head of Emerging Markets Debt, Jean-Charles Sambor, the team has a strong track-record of alpha generation across EM fixed income asset classes through hedge funds, long-only and long-biased strategies.

The structural shift towards a multi-polar world with increased geopolitical uncertainty and heightened volatility requires a re-think on the overall framework for EM macro investing and creates new opportunities, both long and short. The strategy aims to capture specific EM macro alpha streams, which are often overlooked by traditional macro managers.

This announcement follows recent launches of three distinct EM strategies by TT last year to provide solutions to different client needs - the TT EM Debt Strategy, the TT EM Hard Currency Debt Strategy, and on the equity side, the TT Emerging Markets Long/Short Strategy.

Eric Mackay, Managing Director, TT International, said: "Having launched our first EM strategy back in 2011, the unveiling of our new macro strategy completes our EM product suite, positioning us as a leading EM cross-asset house. Our strengths in both EM equities and now EM fixed income reinforce our top-down macro expertise and comprehensive research capabilities across the entire capital structure of EM companies. Very few asset managers have this holistic research capacity."

Jean-Charles Sambor, Head of Emerging Markets Debt, TT International, said: "We expect top-down macro factors to increasingly dominate EM investing amid heightened geopolitical risk and a multi-polarisation of the global economy. Elevated volatility combined with changes in risk perception and market structure should create fertile ground for long-term alpha generation in EM macro investing. Against this backdrop, it seems an opportune moment to launch this strategy, capitalising on TT's strong DNA of EM and macro investing across asset classes.

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