TT European Fund Slips In August, Cautious On Euro Recovery

TT International believes that it is unlikely that the European Central Bank will take up a full-scale QE program, like the U.S., before spring of 2015. In a monthly letter seen by ValueWalk, the fund said that ECB will use the sovereign bond repurchase option only as a last-ditch effort. Germany’s support for a full-scale QE program remains limited at best. TT European long/short equity fund down 1.07% in August TT International’s European long/short equity fund was down 1.07% in August, trimming the total gain for the year to -4.8%. The letter commented on the ECB’s current course of action,…