Hedge funds turned in better performance numbers for August than the major equity indexes did, and it's because they made the most of a general sell-off of risky assets on the broader equity and bond markets, according to a preliminary roundup by Morningstar.

The annuity industry, with its battered reputation, seemed to have found a powerful ally in President Obama's administration, when the Middle Class Task Force issued a report in January saying the executive branch would work to promote the availability of annuities and other forms of guaranteed income.

Trilogy, which had $12 billion of assets under management as of June 30, specializes in emerging- and global markets strategies.

Credit union executives talked up a pending regulatory relief effort while endorsing a radical shift in direction by the Consumer Financial Protection Bureau during a meeting with President Trump and other top White House officials on Monday.

Since stepping down as CEO of Webster Bank last month, James Smith has spent much of his time co-chairing a panel tasked with solving his home state’s fiscal and economic woes. Banks, and perhaps even fintechs, could be a part of its comeback story, he says.

Blue Lion Capital, which is upset with the Seattle company's growth strategy, also wants to replace two of the company's directors.

People are reluctant to use physical point of sale terminals, putting biometrics in the middle of the contactless payment wave, says Fingerprints' Christian Fredrikson.

The ability to manage both domestic and international invoices through the same AP automation and workflow creates enormous operational advantages for finance teams and the line of business, says MineralTree's Nicolette Medina.

Major projects like Diem are moving crypto beyond its fan base, according to Icon Solutions' Simon Wilson.