Calling last year's performance (50% decline in his Advantage Plus fund) an "aberration," John...

|By:, SA News Editor

Calling last year's performance (50% decline in his Advantage Plus fund) an "aberration," John Paulson tells his investors he's learned from his mistakes (fund is down just 10% through May). For now, his big bet remains with gold miners (AU, GFI), as he insists they're way undervalued vs. the metal.