It's hard to generalize from single month's performance. For what it's worth, John Paulson, the man in the hedge fund universe, had a rough April. Given his stature, that's news. While his five hedge funds each profited in the first three months of 2009, in April only the $1.5 billion Credit Opportunities fund rose, by 4.3%, according to investors. It is up 5% on the year, notes Financial News.

The flagship Advantage Plus fund fell 5 percent in April, but it's still up 4.8 percent for the year. The firm's Advantage fund fell 3.1 percent in April but is also up for the year. The news comes as the fund boosted the amount that investors need to buy in. It's unclear what caused the off month. But we noted recently that he's been loading up on gold: SPDR Gold Trust, Gold Fields, Gold Miners ETF and Anglogold Ashanti. 

For more:
- here's the Financial News article

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