TT International shrinks as assets and revenue continue to decline
TT International Asset Management, the London hedge fund group founded by Tim Tacchi and owned by Japan’s Sumitomo Mitsui Banking Corp, has reported another year of declining revenue, rising losses and lower headcount, according to a report by eFinancial Careers. Assets under management remain below the level the firm considers necessary to break even. The firm generated £32m ($43m) of revenue in…
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