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Last Trade - 10/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £6.89bn
Enterprise Value £7.46bn
Revenue £3.17bn
Position in Universe 974th / 6854

Paulson's Advantage hedge fund off in April amid gold drop

Thu 18th April, 2013 2:42pm

BOSTON, April 18 (Reuters) - Hedge fund manager John Paulson's Advantage Fund is losing money this month in the wake of a sharp sell-off in gold.

Paulson's Advantage Fund, one of the $18 billion firm's best-known portfolios, has lost 2.4 percent in the first two weeks of April but is still up for the year, a source familiar with the numbers said on Thursday. Paulson is scheduled to update investors on his funds' performance next week at an investor day.

(Reporting By Svea Herbst-Bayliss, Katya Wachtel)

((svea.herbst@thomsonreuters.com)(+617 856 4331)(Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net))

Keywords: HEDGEFUNDS PAULSON/

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