TT, Permal Alter Macro Fund Strategy

TT International will take full responsibility of its flagship global macro fund, the TT International FundSegregated Portfolio, called Permal Europe, as per a deal signed with fund of hedge fund, Permal, Hedge Funds Review reports. The firm is also renaming the fund to TT International Fund.

Permal will move the investment in the fund into a separately managed account, an arrangement it already has with several managers. The fund is based on global macro investment strategy, which is managed by Tim Tacchi, CIO and founder of TT International. TT is planning to expand the strategy to $3 billion.

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