Omni Partners (Omni) has launched the Omni Macro UCITS Fund (UCITS Fund) on the IAM Investments ICAV platform. It will follow a similar strategy to Omni’s existing commingled offshore fund, the Omni Macro Fund.
Omni Macro is a trading-orientated discretionary global macro strategy that pursues thematic and tactical opportunities in liquid products (foreign exchange, commodities, interest rates, equity indices) whilst retaining a disciplined risk management ideology. The portfolio is highly concentrated, typically pursuing a small number of core trading strategies (generally between two and five) at any given time, with each strategy tending to include a limited number of line items (between one and three).
Stephen Rosen, Omni Macro’s Chief Investment Officer, says: “The Omni Macro Fund is noted for a strong positive skew and returns driven by significant movements of convexity when structural themes play out. For example, the fund has delivered annualised returns of 12.5 per cent since inception and 8.4 per cent in 2015. Something investors find particularly attractive is that the fund has an upside volatility of 11.9 per cent versus a downside volatility of just 3.9 per cent. Investors, especially those in Europe, are increasingly turning to absolute return UCITS strategies in a bid to generate returns. We therefore look forward to providing them with a strategy that has a proven track-record of success through multiple market conditions, whilst also exhibiting low beta to other global macro hedge funds.”
The strategy is managed by a team of four led by Stephen Rosen, Chief Investment Officer, who is responsible for all investment decisions. Stephen has 17 years of financial markets experience, with the first decade of his career spent as a proprietary trader at Deutsche Bank and JP Morgan trading macroeconomic themes across varied asset classes.
