Rocked by China’s instability, interest rate uncertainty and still-declining oil prices, the markets got ugly in August. And by the last week of the month, we appeared to enter correction territory. The hedge fund realm hasn’t been immune to the market’s volatility. The HFRX Global Hedge Fund Index dipped 2.2%. Some did better -- and others did worse. Billionaire hedge fund managers Bill Ackman, Leon Cooperman and Dan Loeb were all hit hard. “There has been significant volatility in the investment markets over the past few weeks, largely driven by the decline of the Chinese stock markets, and the fear...