MaxQ Macro Gains On Short EUR, Long Russian Debt

North Asset Management's hedge funds were up in May, as macro news took a turn for the better in the period. The MaxQ Macro fund took in a gain of 2.5% whereas the Emerging Markets Fund was up by 0.67% in last month, according to monthly updates seen by ValueWalk.

The flagship MaxQ Macro fund rose after three consecutive months of negative returns and is now up 0.32% for the year. On the other hand, the EM fund has been doing well all along, and is now up 11.3%...