JANA, Pershing Square, Citadel Up in August; Greenlight dips 0.3%

Sep 2 2016 | 12:19am ET

Four well-known hedge funds – Bill Ackman’s Pershing Square, Barry Rosenstein’s JANA Partners, David Einhorn’s Greenlight Capital, and Ken Griffin’s Citadel – have flashed preliminary results for August.  

Ackman’s Pershing Square Holdings gained 5.8% last month partly due to strong gains in beleaguered Canadian drug company Valeant, the company said, narrowing the fund vehicle's YTD losses to 14.3%. 

Rosenstein’s activist fund JANA Partners also gained in August, booking 1% during the period and narrowing 2016’s YTD losses to 3%, according to Reuters. 

Conversely, the main fund at David Einhorn’s Greenlight Capital fell 0.3% in August, narrowing the fund’s year-to-date gain to 5.4%, according to Bloomberg. Greenlight has been battling back from a 20% loss booked in 2015, its first losing year since 2008. 

Citadel’s Wellington, meanwhile, booked 2.4% for the month and brought its 2016 return into the green at 0.5%, Reuters said. Wellington is one of the hedge fund company’s two main flagship funds.

In comparison, Hedge Fund Research’s HFRX Global Hedge Fund Index, a benchmark index for hedge fund performance, was up 0.16% as of August 31 and is up 0.78% for the year to date. 

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