News out today that John Paulson’s Gold fund lost a stunning 27 percent in April amid a big sell-off in the commodity, bringing the total year to date loss for the under $1 billion fund to a quite unbelievable 47 percent, a source familiar with the fund said.
Paulson disclosed the loss to along with results for his other funds. The disclosure reveals that Paulson, who is the largest investor in the gold fund, was one of the biggst losers in the gold sell-off.
We wrote a special peice about Paulson’s gold punt in the latest edtion of our magazine (click here page 18 – http://issuu.com/spreadbetmagazine/docs/spreadbet_magazine_v16_generic?mode=window&pageNumber=1) – a must read!