Omni Partners launches Ucits version of global macro strategy
London headquartered manager Omni Partners has launched the Omni Macro Ucits fund on the IAM Investments Icav platform.
The Ucits fund will replicate the strategy of Omni’s existing 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, managed by a team of four led by Omni Macro’s CIO Stephen Rosen, is highly concentrated, relying on a small number of core trading strategies at any given time, with each strategy tending to include a limited number of line items (between one and three).
Rosen commented :“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 annualized returns of 12.5% since inception and 8.4% in 2015.
“Something investors find particularly attractive is that the fund has an upside volatility of 11.9% versus a downside volatility of just 3.9%. 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,” he added.
Omni Partners had $1.06bn (€935m) in assets under management as at 28 February 2016.