Paulson funds start to recover in July – source

Reuters – Hedge fund manager John Paulson said this week that he is less certain about the U.S. economic outlook, and has pared positions slightly as a result, according to an investor in Paulson & Co funds.

Still, Paulson told clients that his flagship Advantage funds were back on the upswing in July after reportedly sustaining losses for the first half of 2010.

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