The market sell-off has hit hedge funds selectively as the Lyxor Hedge Fund Index fell -1.9% from 30 January to 06 February (-0.9% YTD) with CTAs underperforming, Lyxor Asset Management said in its latest Weekly Briefing.

Lyxor added that trend followers suffered particularly from their outstanding long stance on equities and oil. Bonds were more supportive, b