The value of Paulson & Company’s flagship fund fell nearly 6% in May, Financial Times reports. The hedge fund firm’s $9 billion Paulson & Co Advantage Plus fund is down 7.6%, in the year to date.

The firm’s Gold fund also fell 6.39% in May, while it gained 8.5% in April. The Advantage fund returned 17% in 2010, 21.5% in 2009, 37.6% in 2008 and 158.5% in 2007.

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