Omni Macro Fund was down -0.33 percent in March with losses in short Eurodollar interest rates and gold. Incidentally the fund initiated and then exited short positions in gold last month, which is unlucky as the metal is breaking its record of maximum decline as of today. Omni Macro has barely managed to stay up with a total return of +0.08 percent in 1Q 2013. The fund took profits in short trades of South African rand against the US dollar and Hungarian forint against the US dollar while short EUR/JPY also gained. Managers conclude that it would be impossible for…
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