John Paulson's Fund Has A Rocky August (GLD)

Famed hedge fund manager John Paulson, who personally made more than $4 billion betting against the sub-prime mortgage market, had a rocky August in two of his funds. Paulson & Co.'s flagship Advantage Plus fund fell more than 4% last month according to a Reuters article. The fund is heavily invested in financial stocks, which fell nearly 8% in August.

The Paulson Recovery fund lost a whopping 9.15% in August, but according to investors is only down 0.82% year-to-date. The firm's Gold fund, however, had a very strong month, rising 8.96%.