After Tough Times In 2013, Omni Macro Fund Finds Footing In January

With over $1 billion in firm assets under management, London-based  Omni Partners Macro Fund ended 2013 down 4.87%, but was quickly on the road to recovery, with a 3.09% gain in January 2014, according to an investor letter reviewed by ValueWalk.

In its investor letter, the fund notes it was not the most auspicious start to the year for equity markets.  On the first day of trading, “2014 saw an 18 handle pullback in the S&P500 and a 2.4% drop in the Nikkei, losses from which neither index recovered.” Emerging markets found difficulty again, the letter noted, “though this time US rates were going down and not up as shorts in US bonds were covered. Coming off a...