August was a rotten month for stocks, and it wasn't much kinder to some of the world's most successful hedge fund managers, early returns show CNBC.
Even some of the industry's titans, including Steven Cohen, Dan Loeb and David Einhorn, got caught up in the global selloff at the start of the month and finished August in the red. Cohen's SAC Capital Advisors lost about 3 percent, Loeb's Third Point Offshore Fund fell 2.8 percent and Einhorn's Greenlight dipped 1.4 percent, people familiar with their returns said on Thursday.
While Cohen and Loeb remain in the black for the year—SAC is up about 7 percent while Third Point is 3.9 percent higher—many others haven't been so successful. Einhorn, who made headlines this summer with a now collapsed deal to buy a stake in the New York Mets baseball team, is off nearly 5 percent.
Whitney Tilson's T2 Partners LLC told investors that the fund declined 13.7 percent last month, leaving it off 22.1 percent for the year. But the industry's most prominent loser is …
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