The US stock market tumbled in May as a result of the Greek problem and uncertainty around the financial reform. Many traders predict that the golbal economy will get into another recession.
As the DJIA dropped about 1000 points in May, investors suffered serious losses and poured money into bond market seeking for protection. The 10 year government bond raises in value in May and yielding as low as 3.28 on June 1, 2010 .
The individuals were not the only losers in the previous month, so did the hedge funds.
Here is a glimps of thier performance through May 20, which is rather disappointing .
Paulson & Co
Advantage fund -6.9%
Viking Global fund - 3.4%
Citadel Investment -2.0%
Moore Global fund -7.7%
SAC Capital Advisors -2.9%
Och-Ziff Capital Management Group
OZ Master Fund -1.69%
Hedge funds lost an average of 2.7 percent last month according to Bloomberg News.
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