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Billionaire Paulson’s Merger Hedge Fund Said Up 10% in 2015

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Billionaire John Paulson’s merger strategy has gained 10 percent this year lifted by consolidation among drugmakers. The $19.3 billion New York-based firm posted a 0.7 percent return last month in a merger fund that uses leverage to amplify gains, according to three people familiar with the matter, who asked not…

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