The hedge fund titan Larry Robbins did something out of character last year. He apologized to investors for losing their money and pledged to “right the ship as quickly as possible.” Then he solicited more money from them, raising $1 billion for a new fund and promised to waive the fees.

But he keeps on losing money.

Over the first two months of this year, his $9.2 billion Glenview Capital Management’s flagship portfolio lost 15 percent. The new fund — called GCM Equity Partners — is down 5.2 percent. Even worse, the Glenview Capital Opportunity fund, a $1.7 billion portfolio that uses leverage or borrowed money to enhance its bets, has lost 22.4 percent through the end of February.

Mr. Robbins is not the only one. William A. Ackman, another big-name investor, is also nursing double-digit losses this year.

If last year was a tough one for the swing-for-the-fences hedge fund managers who became synonymous with moneymaking in years past, the first few months of 2016 are looking just as bad.