1. Articles from rachael_levy

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    1. Elliott Management Has Hired a New Executive From Citi, and it Says a Lot About Where the $35 Billion Hedge Fund is Headed

      Elliott Management Has Hired a New Executive From Citi, and it Says a Lot About Where the $35 Billion Hedge Fund is Headed
      • Paul Singer's Elliott Management has hired Jean-Yves Magnan as deputy chief financial officer, according to people familiar with the matter.
      • Magnan, who was previously chief financial officer of Citi's cards division, started at the $35 billion hedge fund at the end of May.
      • Magnan's hiring shows how Elliott is trying to deepen its bench of C-suite executives as the fund gets larger and more complex...
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    2. ADP's Stock Could Double in Five Years

      ADP's Stock Could Double in Five Years

      Activist investor William Ackman laid out his case for changes at Automatic Data Processing Inc on Thursday, saying the payroll processor needs to improve its profit margins and integrate its business lines.

      Ackman's hedge fund Pershing Square Capital Management disclosed earlier this month an 8 percent holding in the $50 billion U.S. human resources outsourcing company and nominated three directors to serve on its board...

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