Hedge fund Och-Ziff swoops on Premier Foods

Daily Telegraph – Market practitioners said Och-Ziff has bought around 4.3pc of Premier Foods and could imminently disclose its shareholding.

Och-Ziff’s stakebuilding comes after Dupont Capital Management on Tuesday disclosed it had bought 2.3pc of Premier Foods. And after the market closed on Monday, Paulson & Co – the New York-based hedge fund run by John Paulson, the man who made almost £2bn by betting against sup-prime mortgages – revealed it had taken an 8.89pc stake in Premier Foods.

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