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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.

 

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Billionaire hedge fund manager Advanced Data Processing

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