Hedge funds trim positions as coronavirus fallout hits markets

Falling Markets China

Hedge funds are continuing to offload exposures that face a potential hit from the effects of the coronavirus, as Lyxor Asset Management forecasts a “transitory economic impact” from the deadly outbreak.

As fatalities from the virus rose to 425, and the number of confirmed cases reached 20,000, the impact on markets has remained confined to the most sensitive areas, Lyxor strategists observed in a research note.

Tags

Premium Content

To continue reading this content, please subscribe for free.

SUBSCRIBE