Hedge funds trim positions as coronavirus fallout hits markets

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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.

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