The Tulip fund, named because of the association with its Dutch trading adviser's homeland, was among those to give up gains, said Thomas Kummer at Progressive Capital Partners, which manages the fund.
"The fund was down around 6 percent on Friday and was down around (an estimated) 13 percent on Monday," Kummer said.
Another to suffer was Dunn Capital, whose WMA Institutional UCITS Fund had been up 10.1 percent in late January.
"We have given back the January profits in our WMA strategy like other trend followers have," Niels Kaastrup-Larsen, Dunn's managing director for Europe, said.
This was to be expected from such a strategy when there were "big reversals in many sectors at the same time, he added.
Lynx's fund, meanwhile, was down 11.3 percent at the close on Tuesday, its website showed.
Anthony Lawler, co-head GAM Systematic, which manages Cantab as part of its business, told Reuters the falls would be unlikely to change much in the mind of fund managers.
"The reversal moves in the past few days are not likely to scare systematic trend managers as they are within expectations over a market cycle and our risk management is built with the long term in mind," he said.
This article was provided by Reuters.