Paulson Gold Fund Up 11%

Nov 3 2014 | 11:15am ET

Paulson & Co.’s dedicated gold fund has enjoyed something of a rebound this year.

The $400 million PFR Gold Fund rose 11% through the first three quarters, Reuters reports. Through the same period last year—the worst year for gold in 30—the fund was down 62%.

The news isn’t all gold for the Gold Fund, which managed primarily founder John Paulson’s own money: It has given back a chunk of its early gains. PFR was up 18% in January alone.

What’s more, things may have taken a turn for the worse last month, when gold prices fell to fresh four-year lows.

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