1. Ackman’s Pershing Square Trims ADP Stake as Bet Grew in Value

    Ackman’s Pershing Square Trims ADP Stake as Bet Grew in Value

    BOSTON (Reuters) – Billionaire investor William Ackman’s hedge fund sold a stake in Automatic Data Processing, the firm’s biggest holding, as the value of the investment grew over the last months, a regulatory filing released on Tuesday shows...

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