Paulson Feels The Pain In June

Jul 8 2011 | 1:15pm ET

June was exceptionally unkind to Paulson & Co., even for those funds that did not lose $574 million on a single investment.

The New York-based hedge fund giant saw all of its hedge fund lose ground last month, none more so than the Advantage Plus Fund, the $37 billion firm's largest. That fund dropped 11% in June—leaving its dollar-denominated share class down 18% on the year and its gold-denominated share class down 12%—primarily on the firm's disastrous investment in Chinese timber company Sino-Forest Corp.


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