Hedge funds were down in sync with the market downturn last week, according to Lyxor Asset Management's latest Weekly Briefing. It added that CTAs underperformed due to their long exposures to U.S. equities and their long EUR and GBP vs. USD. The rise in oil prices helped alleviate some losses.

Jean Baptiste Berthon, senior strategist at Lyxor AM stated, "L/S