Omni Macro Loses In Short Euro Trades, 'The Next Widow Maker'

Omni Macro Fund continued its streak of negative returns – the fund was down 0.64% in November, trimming down the year-to-date return to -5.7%. The HFRX Macro/CTA Index rose 0.32% in November, whereas the HFRX Global HedgeFund Index was up 0.55% in the same period. France, the weak link Despite favorable results in other holdings, the fund’s returns were offset by the rebound in the euro, the monthly shareholder letter notes. The fund detracted in its short bets in euro, which were expressed through short position and short EURJPY positions. Omni Macro expects the euro area to experience deteriorating growth, specifically because of…