(Bloomberg) Hedge-fund manager Vikram Kumar, who returned 27 percent last year overseeing money for TT International, is preparing to separate from the London-based investment firm, according to a letter to investors.
Kumar is leading a team that will acquire management of the $496 million TT Long-Short Focus Fund and become independent next January. The firm, which manages about $6.2 billion, will retain a financial interest in the fund. Kumar and a spokesman for TT International confirmed the contents of the letter but declined further comment
