Many Tiger Progeny Reel from a Bearish August

The month saw many funds lose 4% to 7%. One exception: Lee Ainslie’s Maverick International, which eked out a profit.

August proved to be a rough month for many long-short hedge funds with roots to Julian Robertson Jr.’s Tiger Management.

A large number of the funds were down between 4 percent and nearly 7 percent.

Even so, most of them fared better than the major indexes, which fell between 6 percent and 7 percent for the month.

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