Omni Macro Up In May, Gains In Japan

Omni Macro Fund netted a return of 0.67% in May, bringing up the year to date gain to +2.7%. In the monthly letter reviewed by ValueWalk, Omni's managers seemed dissatisfied with the measures ECB took most recently. The commentary said that the latest announcement of rate cuts and imposition of a negative deposit rate is in line with ECB's dovish approach but is not radical enough. Omni said that this line of monetary easing has been successful in helping peripheral European countries but has failed in bringing the euro-zone out of deflation.

Omni Macro: P&L in May

The fund saw...