Hedge funds count the cost of September slide Submitted 14/10/2021 - 11:59am Hedge funds’ overall momentum in 2021 has been halted, with managers across a range of strategy classes left counting the cost of September’s bumpy equity and credit market reversal, new industry data published this week shows. On average, hedge fund managers have made gains of more than 8 per cent since the start of this year – but last month’s market turbulence saw most strategy sub-sectors slide into the red, according to separate performance data released by eVestment and BarclayHedge.