The first week of December saw sector rotations that caused headwinds for hedge funds. The correction in IT stocks saw a momentum reversal that impacted L/S equity strategies negatively, with the Lyxor L/S Equity Broad Index falling -1.3% from 28 November to 05 December (+6.4% YTD).

Across the industry, the Lyxor Hedge Fund Index fell -1% during the same peri