The TT International DB Platinum hedge fund is holding a position that hurt them in September but could turn out to be a big winner in October. TT International long in the Ten Year U.S. Treasury Note The hedge fund is currently long the Ten Year U.S. Treasury Note, which rises in value as interest rates fall. During the stock market sell-off of last week, the position paid off handsomely, as the price moved higher from just above 123 to touch 128 in a little over a week. Many hedge funds took the opposite side of the trade and got…
TT International Had Hot Long UST Position Coming Into Stock Selloff
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.