John Paulson’s hedge funds faced tough sledding during August as volatility on global securities markets soared. The company’s flagship Paulson Partners fund fell 4.2% in August, according to Reuters. The loss brings the Paulson Partners portfolio to a 2015 YTD gain of 6.52%.  Paulson’s Advantage Fund, which follows an event-driven strategy, fell 4.9% during the month and is now down 3.6% for the year.  The firm’s Special Situations Fund fell the most, losing 8.35%, bringing its year-to-date performance to an 11.6 % loss. Its credit fund fell 2.3% last month and is now down 2.6% for the year. The New...