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John Paulson Gold Fund Said to Tumble 14% in Its First Month

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"Hedge-fund billionaire John Paulson’s gold fund lost 14 percent in January, its first month of operation, two investors said," BusinessWeek reports. "Paulson, 54, is the largest investor in the fund with a $250 million personal stake, the people said. He started the fund as a long-term bet that gold will rise. Investors can’t exit the fund for three years."
SOURCE:   BusinessWeek

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