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Eton Park
’Hedge funds bite into Cadbury
Paulson & Co, the New York hedge fund run by John Paulson, has disclosed a 2.08% stake in Cadbury following Kraft’s £9.8bn ($16.4bn) hostile bid this week, signalling growing hedge fund interest in the UK confectionery group following Kraft’s hostile bid.
Paternoster founder steps back
Mark Wood has stepped back as chief executive of Paternoster, the UK specialist pensions business, and investors have put an extra £5m of cash into the company as it cuts costs. The company, mainly owned by Deutsche Bank and buyout firm Eton Park,