It’s no secret that the largest, most high-profile hedge funds that are best known for their shareholder activism got badly roughed up in August.
Three of them fell into negative territory for the year after posting big losses last month, including William Ackman’s Pershing Square Capital Management and Richard (Mick) McGuire III’s Marcato Capital Management, both of which were down more than 9 percent in August, and Barry Rosenstein’s Jana Partners.
