Capitalising at sea

While merger and acquisition activity in the US has slowed, there are certain segments that have seen increased deal activity.

Based in New York, Paulson & Co (PCI) has capitalised on the plans of cash rich oil multinationals to expand its businesses.

PCI runs more than $200m in two hedge funds, Paulson Partners LP and Paulson International, both are ranked in the top 10 of this basket of Standard & Poor's event-driven funds. The funds use a diversified merger arbitrage strategy which is the

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