Paulson’s gold fund plunges 65 percent through June

Hedge fund manager John Paulson’s gold fund has lost 65 per cent of its worth so far this year after the portfolio declined 23 per cent last month, two people familiar with the fund said.

Gold had been one of the billionaire investor’s winning bets a few years ago, but not this year. His investments in gold and gold miners have suffered double digit losses for the past three months.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1278673/paulsons-gold-fund-plunges-65-percent-through-june