North Asset Management’s MaxQ Fund received two awards at the Choice European Hedge Fund Awards 2013. The MaxQ Fund was up +15.51% last year and this continued the strong performance seen in 2011. As a result the Fund won “Discretionary Global Fund of 2012 and Discretionary Global Macro Fund last 3 years” at the Investors Choice European Hedge Funds Awards and has been nominated for 2 further awards this year.
George Papamarkakis, North CIO commenting on the results stated: “The Fund was able to take advantage of a diverse set of market opportunities and in particular within the European time zone, both within the Eurozone as well as with unique country specific exposures outside of the Eurozone. The Fund returns were achieved through a balance of relative value, cross market strategies as well as directional strategies. The Fund returns were also through capital gains, achieved predominately in fixed income strategies and to a lesser extent in foreign exchange and equities”.
The European Hedge Fund Awards recognise genuine excellence in the field of hedge fund investment management by considering a range of qualitative and quantitative assessment criteria. Uniquely, distinguished hedge fund investors on the HedgePo platform determine the award winners, placing strong emphasis on qualitative assessment criteria, such as investment process and risk management. Emerging managers are considered in separate categories.
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