Reuters reports that hedge fund billionaire John Paulson is
emerging as one of the biggest losers in this year's gold rout, further
tarnishing his once legendary status in the $2 trillion hedge fund industry.
Paulson's $700 million gold fund lost a whopping 27 percent
in April, when the price of the metal plunged 17 percent over a two-week
stretch, according to performance figures provided by a person familiar with
the fund….
The majority of the money invested in the Paulson gold fund
is believed to be the billionaire's own.
More? Check out http://in.reuters.com/article/2013/05/08/paulson-hedgefund-gold-idINDEE94608F20130508
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