Blue Fin Capital’s Omega buoyed by US dollar strength

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The appreciating US dollar helped propel Blue Fin Capital’s Omega to success in May, buoying returns to 10.53% during the month.

The firm traded on the US dollar’s appreciation against the euro, Swiss franc and Australian dollar, while taking long positions on interest rate and bond futures in US 10-year notes, German 10-year bonds and others. Omega was also short in precious metals such as gold and copper; Brent and gas oil, and commodities such as sugar, soybeans and copper.

Managing director Adam Phillips said most of the positions were already in place in late April or very