Former Millennium executive Zaino launches Keystone Capital, eyes biotech
Investor Fredric Zaino, who spent 15 years at hedge fund Millennium Management, has launched his own firm and plans to invest in micro-, small- and mid-cap public and private companies focusing on biotech, real estate and consumer products.
U.S. stock funds shed $1.05 billion in week: Lipper
U.S.-based equity funds in the week ended Wednesday posted $1.05 billion in outflows, according to Lipper.
Activist fund TCI lodges complaint against Italy with European Commission over Atlantia
Activist hedge fund TCI Fund Management said it has complained to the European Commission over "illegitimate expropriation" by the Italian government of Atlantia's motorways unit Autostrade per l'Italia.
U.S. stock funds draw $3.3 billion in latest week: Lipper
U.S.-based stock funds in the week ended Wednesday saw $3.3 billion of inflows, according to Lipper.
Column: U.S. rule could halt social investing in 401(k) plans in its tracks
The idea of using investments to promote environmental and social causes has grown quickly in recent years, and retirement plans looked like the next frontier - until the Trump administration weighed in last month.
As big U.S. banks let customers delay payments, loan losses remain unclear
Major U.S. bank executives this week said they extended forbearance programs to millions of credit card, auto loan and mortgage customers who were financially hard hit by the coronavirus pandemic.
TCI sees Autostrade valuation between 11-12 billion euros-partner
Activist hedge fund TCI Fund Management, which is challenging the Italian government over the forced sale of Atlantia's Autostrade per l'Italia (ASPI) unit, said on Friday the value of Autostrade could be between 11 and 12 billion euros.
Cohen's Point72 to open Warsaw office for some back office teams
Billionaire investor Steven A. Cohen's Point72 Asset Management is opening the $16.2 billion firm's latest satellite location in Warsaw and moving some back office operations to lower-cost Poland.
Presidential Material: Life Lessons with Bellamy Young
The United States may not have had a woman president quite yet, but on TV it certainly has. One of those was Mellie Grant, the character played by Bellamy Young on the Shonda Rhimes hit “Scandal” before it ended last year.