(Bloomberg) Omni Partners LLP is shutting a global macro hedge fund following the departure of Chief Investment Officer Stephen Rosen, who said he’s stepping back from trading. The fund lost 7 percent in the first four months of this year, according to a person familiar with the matter.
The Omni Macro Fund managed $237 million and ran for nine years with an annualized 11.3 percent return, according to company statements. The fund gained an estimated 8.4 percent last year, the firm said in January, but lost money since the start of 2016, said the person, who asked not to be identified because the data is private. Omni declined to comment on the fund’s return for 2016.
