CTAs were down -2.6% in September due to their long positioning on fixed income, while Global Macro strategies were up +1.4%, Lyxor said.

Concurrently, Event-Driven and L/S Credit strategies were slightly up (+0.2 and +0.3% respectively) and L/S Equity strategies were flat.

Yet, the dispersion within L/S Equity strategies was higher than usual in September due