TT International Notes Global Events Not Shaping Markets

TT International, a European hedge fund, had difficulty in July, as a reversal of market environment in Europe pushed the long / short equity strategy into a loss of -1.03 percent on the month, bringing the year to date performance to a negative -3.75 percent, an investor letter reviewed by ValueWalk reveals. TT International notes the impact of global events on the market The letter notes an odd sense of calm as normally market moving global events had little if any impact on markets.  Events in Ukraine, while headline grabbing, “were comfortably amortised away,” the report noted.  In similar fashion,…