30th Mar 2020 - 5:25pm Long volatility and tail risk strategies outshined their peers as equities and oil slumped in February Submitted 30/03/2020 - 5:25pm Hedge fund managers were down 1.70 per cent in February as the development of the COVID-19 outbreak outside of Mainland China weighed on risk assets throughout the month, according to Eurekahedge. More than 90 per cent of the hedge fund managers were able to outperform the global equity market during the month, exemplifying the downside protection afforded by hedged strategies as opposed to long-only portfolios.