Things have gone from bad to worse for Paulson & Co. The New York-based hedge fund giantâs largest hedge fund, already down 22% through the end of July, has lost about half as much again since the beginning of this month. Both the Advantage Plus and Advantage funds are down between 10% and 11% in August, CNBC reports. Advantage was down about 15% through July. On the bright side, the Paulson funds havenât been hit quite as hard as the Standard & Poorâs 500 Index, which has lost 13.37% this month. Paulsonâs funds were down by double-digits as late as September of last year before rallying to end 2010 up 11%. But the funds were never down by this much at any point last year. http://www.finalternatives.com/node/17675 Ouch.