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OUR PRIVACY AND COOKIE POLICY

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Bill Ackman is buying up shares in a company that might manage your firm's payroll

written by Bella Palmer
Bill Ackman

Billionaire hedge fund manager Bill Ackman is loading up on shares of Advanced Data Processing , a New Jersey-based provider of payroll and benefits services.

The Pershing Square Capital Management CEO's initial purchases of ADP stock are already completed, but he may buy additional shares through new funds that he's launching, according to a Bloomberg News report . It's not yet known how large Pershing's stake in ADP is, and it's unclear at this point whether Ackman will fight for changes in the company's operations, as he has in past investments.

 

Disclaimer:

The opinions expressed by our writers are their own and do not represent the views of UK Investment Guides. The information provided on UK Investment Guides is intended for informational purposes only. UK Investment Guides is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

Billionaire hedge fund manager Advanced Data Processing

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