North MaxQ Macro Slips In April, Adds To Long USD/Short EUR

North Asset Management's MaxQ Macro Fund suffered a loss of -0.81% in April, bringing the fund's year-to-date return to -2.07%. MaxQ is currently positioned on the long side of the USD, while maintaining selective shorts in emerging markets and commodity currencies.

Take a look at North Asset Management's emerging markets' fund returns below.

MaxQ Macro expects further rate cuts from ECB

In its monthly commentary, the fund managers expressed a cautious outlook on the Eurozone. MaxQ said that there are a few positive signs in the region, but there is still...