One nugget that may have been lost in the clamor of
hedge-fund John Paulson’s conference call with Bank of America employees and
clients yesterday: The fund that represents his core thesis right now has struggled
mightily so far this year, according to a cnbc report.
Paulson’s gold fund, which holds an array of gold miners,
fell a whopping 22 percent between the beginning of the year and July 31,
according to people familiar with its returns — outsinking the oft-discussed
flagship funds, which were down 13 percent and 18 percent respectively during
the same period, by a considerable margin..
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