Paulson Gold Fund Fell 13% in May

June 11 (Bloomberg) -- Billionaire John Paulson, the hedge-fund manager trying to recover from losses related to bullion this year, posted a 13 percent decline in his Gold Fund last month, according to a letter to investors. The drop brings losses in the strategy to 54 percent since the start of the year, the firm said in the letter, a copy of which was obtained by Bloomberg News. Kelly Bit reports on Bloomberg Television's "Money Moves." Deirdre Bolton also speaks. (Source: Bloomberg)
Is Cheap Money Behind the M&A Wave?
01:26 - Citigroup Vice Chairman Peter Orszag discusses Fed policy, mergers and acquisitions and cheap money. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
  • How Hermes Ties Together a Luxury Brand Legacy
  • Marangi Sees More Transactions in Cable Industry
  • Neil Degrasse Tyson: Charlie Rose (05/26)