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)