More Gold Losses

That’s got to hurt! Billionaire John Paulson’s Paulson & Co. hedge fund’s $700 million gold fund lost 27 percent in April as the price of gold dropped 17 percent over two weeks. The jaw-dropping one-month decline leaves a year-to-date loss of 47 percent. Adding salt to an open wound, a majority of the money in the fund is reportedly Paulson’s own cash.