Macro Analysis Excludes QE Exit Talk; TT International Down In 2014

Deutsche Bank AG’s TT International hedge fund has been having difficulty recently, as founder Tim Tacchi, who partnered with the German bank over two years ago, struggles to translate his macro economic analysis into winning trades. This is evidenced in the fund’s -4.05 percent year to date performance. TT International: The withdrawal of quantitative easing One clue to the analysis might come from the fund’s outlook on the U.S. economy. As inside fund managers note the importance of the withdrawal of quantitative easing relative to free markets, TT International, in their recent investment letter, doesn’t even address the issue when…