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.
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.
Investors pumped money into riskier bonds and equity funds, BofA's weekly fund flow statistics showed on Friday, as unprecedented stimulus measures helped offset worries about rising COVID-19 case numbers in the United States.
Proxy advisers Institutional Shareholder Services Inc (ISS) and Glass, Lewis & Co on Thursday recommended that Toshiba Corp shareholders elect all company directors, dealing a blow to two activist investors pushing to add five newcomers.
