Paulson's Gold Fund Limps Forward

Gold is up 70 percent since hedge-fund manager John Paulson turned bullish in the spring of 2009. So why has Paulson & Co.'s dedicated gold fund suffered double digit declines?

In an investor briefing to be distributed late Tuesday or Wednesday, Paulson will reveal that his gold fund fell more than 10 percent for the first two months of this year, said people familiar with the numbers. That showing falls after a 2012 in which the gold fund reportedly fell 25 percent, dragging down Paulson's Advantage and Advantage Plus funds, both of which contain gold positions, along with it….

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