CVRD’s massive financing programme for its takeover of Inco is the most prominent example of a boom in capital markets activity by Latin American minerals producers. Leticia Lozano reports.

Merger arbitrage has been one of the top-performing strategies of 2006. Paulson & Company is a leading light in merger arbitrage, with well-honed skills in both long and short strategic approaches to deals. Helen Avery reports.

With spreads on EM sovereign debt at historically tight levels, investors are looking elsewhere to generate alpha. One cutting-edge strategy is to invest in illiquid securities. Hedge funds, in particular, are turning increasingly to these esoteric assets. But the approach is not for the faint-hearted. Sudip Roy reports.