Henne

Hennessee Group LLC announced today that the Hennessee Hedge Fund Index lost -0.99% in May (+3.00% YTD), while the S&P 500 lost -2.10%% (+0.20% YTD), the Dow Jones Industrial Average rose lost -2.17%% (-1.14% YTD), and the NASDAQ Composite Index slipped -1.64% (+5.30% YTD). Bonds were also negative on the month, as the Barclays Aggregate Bond Index decreased -1.09% (-0.10% YTD).

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We begin with Greece which has submitted a proposal to implement a number of reforms in return for a fresh €53.5B loan. In a strange shift from its previous demands, the Greek government seems to be accepting new VAT tax hikes and cuts in state spending for pensions

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