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.

Charlie Rich, the late country music singer and songwriter, had it right when he crooned this famous line: “Oh, no one knows what goes on behind closed doors.” We need to remind Congress of the truth of that line as it tries to push a plan to negotiate changes to Social Security and Medicare as part of its latest pandemic relief bill.

U.S.-based equity funds in the week ended Wednesday posted $1.05 billion in outflows, according to Lipper.

As someone who dreams of a career in the music business, Amanda Montgomery had big plans for her summer internship - working in studios, going on shoots for music videos, maybe taking in some live concerts.

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.

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.

U.S.-based stock funds in the week ended Wednesday saw $3.3 billion of inflows, according to Lipper.

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.

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.

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.