New York (HedgeCo.net) – Over the last couple of days, several well-known hedge fund managers have released their performance numbers and have shown sizable losses for the month of August. Even as the S&P lost 6.26% on the month, some managers suffered even greater losses.

Conversely, several funds that were launched in the last few years by former employees of Steven Cohen’s SAC Capital Advisors have done very well. In a recent report from CNBC, there three funds in particular that were cited for their performance so far in 2015. First was Jason Karp’s Tourbillon Capital Partners which is up 18.44% in its main portfolio. Aaron Cowen’s Suvretta Capital Management is up between 7%-9% in its main funds and finally Gabriel Plotkin’s Melvin Capital is up approximately 20%.

All three of these managers run long/short strategies and they use the traditional SAC style of trading in and out very quickly. Given the range bound market from February through July and then increased volatility starting in August, this market environment may be perfect for quick, in and out trades.

Rick Pendergraft
Research Analyst
HedgeCoVest