Bloomberg wire reports that John Paulson “hasn’t recouped losses this year after his biggest hedge fund was little changed in April.”
Paulson’s flagship Advantage Plus Fund slid 1.7% this year. It only gained 0.1% in April.
Advantage’s “gold-denominated share class” added 6.3% in April, and is up 4.9% YTD.
The $9 billion fund lost 11% last year through August. Then in September, returns went positive by the middle of December.
But then March saw Advantage lose 4.4%, according to Bloomberg.
Obviously anything he had in gold got whacked today.