TT International Down in June on Nikkei Shorts, Long Yuan

Most large macro funds slid in June, it seems the smaller ones did not do any better. TT International Fund lost 1.1 percent in the last month, taking year to date performance to +4.8 percent. TT International’s returns for the first half of the year are good considering the fact that most macro funds are not doing so well. Other similar sized funds that follow the global macro strategy did not do any better in June. The $1.5 billion Fortress Macro Fund Ltd was down 0.58 percent, Comac Global Macro Fund was down 0.97 percent in the same period, whereas…