Hedge fund billionaire John Paulson's best-known fund is
down 2.4 percent in April, largely due to the sharp selloff in gold, a source
familiar with the numbers said on Thursday, Reuters reports.
The Paulson & Co Advantage fund is making money for the
year, but just barely, with a 1.3 percent gain, the source said.
The fund's substantial holdings in several gold mining
stocks, including a bet on AngloGold Ashanti Ltd, which is down 40 percent this
year, have dramatically cut into the Advantage fund's returns.
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