Paulson Battered In August

Sep 8 2010 | 7:54pm ET

For years, everything John Paulson touched turned to gold. This year, the only gold he’s touching is, well, gold.

New York-based Paulson & Co.’s largest hedge fund, Advantage Plus, continued its losing ways in 2010 last month, shedding 4.26%. The $9 billion fund is down 11% through August. The less-levered Advantage fund shed 2.8% and is down 7.5% on the year.


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