TT International AM loses Square Mile A rating ahead of fund closure

Six changes and seven retentions

Cristian Angeloni
clock • 2 min read

Square Mile Investment Consulting and Research has removed its A rating from the TT European Opportunities Long/Short fund and the CRUX European Special Situations fund.

TT International Asset Management confirmed it will be closing the fund on 21 April, resulting in the rating removal, the research house said. It added protecting investor capital is paramount for absolute return funds and the TT team has been "impressive" in doing so, but the modest returns of the last couple of years meant the fund struggled to attract inflows from new investors. Ninety One UK Alpha loses Square Mile A rating following manager change CRUX also saw an A rating removed from its European Special Solutions fund due to a "challenging period for performance over the me...

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