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It has been a humbling year for John Paulson. His Paulson Advantage fund fell 4.06 percent in May, which means it's now down 5.26 percent for the year. The Advantage Plus fund is down 7.54 year-to-date, after a drop of 6 percent last month. And even gold has let him down, with a 6.39 percent drop in May, shaving his gains there for the year to 0.79 percent.