The firm's Gold Fund, which can buy derivatives and other gold-related investments, fell 8.6 percent in June, leaving it down 7.9 percent for the year.
The Paulson Partners Enhanced Fund, which invests in the shares of merging companies, decreased 4.7 percent last month and gained 6.1 percent in 2011. The gold share class declined 5.8 percent in June and advanced 8.9 percent this year.
Paulson's Credit Opportunities Fund declined 2.7 percent last month and climbed 5 percent in 2011. Its gold shares lost 3.9 percent in June and gained 7.9 percent this year.
Hedge funds fell 0.2 percent in June as stocks slumped amid rising concern Greece would default on its debt and evidence the global economy was slowing, according to data compiled by Bloomberg.