Omni Macro Loses In Long Silver, Short UST In July

When markets stabilized in July, most of the funds who lost ground in June and in the latter part of May were able to offset their losses. However Omni Macro Fund has continued to do just the opposite—the hedge fund experienced gains in months when most other macro funds are losing and vice versa. In July, Omni Macro was down 2.4%, trimming the year to date return to -4.4%. Omni was up 1.68% in June, again a positive gain in a period when the rest of the hedge fund industry broke its prolonged winning streak. Omni managers say equities are…