Omni Partners Omni Macro Fund was up 4.9 per cent MTD as of Friday 21 August and the London and Irvine, California-based hedge fund manager is expecting further gains from moves at the beginning this week.
Since inception in 2007 the fund, which focuses on pursuing thematic and tactical opportunities in liquid products (FX, Commodities, Equity Indices and Rates), has produced an annualised return of 12.5 per cent.
Part of the Omni Macro Fund’s strategy involves pursuing fundamental mispricings with inherent convexity. Two of the themes the fund has been pursuing this year are known to be the slowdown of the Chinese economy and the overvaluation of global equities.
Another Omni Macro trade that has worked well in relation to China has been expressing a bearish view on commodities via copper futures. Omni Macro’s Head of Strategy, Chris Morrison, discussed how to make money from the weaker yuan during a recent television appearance on 12 August 2015 saying: “There is real potential for a further move.”
