Reuters – European hedge funds betting on the fallout from unforeseen events were among a small band of winners in a stormy May for investors, and they predict things could get worse rather than better over the next three months.
Hedge funds lost about 2-3 percent of their value in May, according to data groups, against a backdrop of a 10 percent fall in world stocks .MIWD00000PUS as markets were buffeted by the “flash crash” on the Dow .DJI, BP’s (BP.L: Quote) Gulf of Mexico oil spill and riots in Greece against austerity measures to combat its debt crisis.
