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Paulson Funds Drop On Gold Selloff
Billionaire investor John Paulson has suffered increased losses in September due to a selloff in gold.
Billionaire investor John Paulson has suffered increased losses in September due to a selloff in gold, The Wall Street Journal reports. Paulson’s fund focusing on gold investments lost 16.4 percent during the month.
The Paulson Recovery fund dropped more than 14 percent during the month and has dropped 31 percent in 2011, the firm's Paulson Advantage fund fell 12.1 percent, down more than 32 percent this year, the Paulson Advantage Plus fund plunged 19.4 percent in the month and is down some 47 percent on the year. Paulson also saw losses last month in the merger-focused fund.
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