Laying a golden egg

Investors with legendary hedge-fund manager John Paulson aren’t taking a shine to his gold metal performance — in fact some are heading for the exits.

Investors are upset over Paulson’s huge gold positions — specifically, his outsize holding of AngloGold Ashanti, down 20 percent this year, The NY Post has learned.

That has dragged down two of Paulson’s funds.  Hedgie gold bug John Paulson, who made billions on the subprime meltdown, is taking heat from some clients over his unwavering attachment to the yellow metal.  Instead, Paulson’s gold-heavy funds — Paulson Advantage and Paulson Advantage Plus — are down in the high single digits....

Read more: http://www.nypost.com/p/news/business/laying_golden_egg_yu0As9lwmoBFYEM8Fy24aM#ixzz1vlgrmoLQ