"Least Objectionable" Investments Found in EU: TT International

DB Platinum TT International, a global macro, multi-asset class hedge fund, saw a slight decline of -.02% in January, according to an investor letter reviewed by ValueWalk.  TT International, counted among Europe’s largest hedge funds, credits its European equity portfolio as a stabilizer of returns despite the January fall in markets broadly offset losses on the macro book.  The fund notes that “positive contributions from its long option positions in Peugeot SA (EPA:UG) (OTCMKTS:PEUGY) and ThyssenKrupp AG (ETR:TKA) (FRA:TKA) (OTCMKTS:TYEKF), which recovered strongly from December’s losses, were augmented by gains on our long positions in banks such as UBS AG…