Alternative strategies were fairly resilient during the first weeks of the market turmoil but cracks appeared mid-March, said Lyxor in its weekly brief.

According to the report, as of March 16th, most strategies except CTAs were down in a range of -5 to -10% month-to-date: Event Driven was down -10.6% in the first half of March (with Merger Arbitrage down -9.6%),