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Capital Markets Asset Management and Custody Banks

  • Hedge funds cut their net long position in the three main futures and options contracts linked to Brent and WTI by 97 million barrels in the week to May 2. Fund managers now have the smallest net long position in crude futures and options since OPEC announced its production-cutting deal on Nov. 30. The ratio was also the lowest since the OPEC deal was announced and...

  • OSLO, May 8- Investors with more than $15 trillion of assets under management urged governments led by the United States to implement the Paris climate accord to fight climate change despite U.S. Signatories of the letter included the California Public Employees Retirement System and other pension funds from Sweden to Australia. The letter was addressed to...

  • NEW YORK, May 4- U.S. companies are reporting their strongest profit and sales growth in more than five years this earnings season, with more beating expectations and particular strength in the industrial sector. "The bears will say the comparisons were easy," said Bob Doll, chief equity strategist at Nuveen Asset Management in Princeton, New Jersey.

  • MILAN, May 4- Italian banks and asset managers are rushing to tap a 10 billion-euro wave of money expected to flow into small- and mid-caps, as clients seek tax breaks on investments in a government-sponsored plan, potentially creating a bubble. Final details are still missing but that has not stopped a rush that has sent indexes tracking Italy's small-caps to...

  • CHICAGO, May 4- Who will help you plan for retirement- a robot or a cyborg? "Advisers will have little choice but to integrate robo-like technology into their practices, according to Kitces, director of wealth management for Pinnacle Advisory Group and publisher of the widely followed Nerd's Eye View blog. In a provocative presentation at last weeks Morningstar...

  • CHICAGO, May 4- Who will help you plan for retirement- a robot or a cyborg? "Advisers will have little choice but to integrate robo-like technology into their practices, according to Kitces, director of wealth management for Pinnacle Advisory Group and publisher of the widely followed Nerd's Eye View blog. In a provocative presentation at last weeks Morningstar...

  • CHICAGO, May 4- Who will help you plan for retirement- a robot or a cyborg? "Advisers will have little choice but to integrate robo-like technology into their practices, according to Kitces, director of wealth management for Pinnacle Advisory Group and publisher of the widely followed Nerd's Eye View blog. In a provocative presentation at last weeks Morningstar...

  • CHICAGO, May 4- Who will help you plan for retirement- a robot or a cyborg? "Advisers will have little choice but to integrate robo-like technology into their practices, according to Kitces, director of wealth management for Pinnacle Advisory Group and publisher of the widely followed Nerd's Eye View blog. In a provocative presentation at last weeks Morningstar...

  • *London shares rise more than 3 percent. HONG KONG/ LONDON, May 4- HSBC Holdings Plc reported a better than expected first-quarter profit and capital position on Thursday, benefiting from an improved performance from its core operations and the return of cash from its U.S. unit. HSBC's shares rose 3 percent in London on Thursday, outperforming a 1 percent rise in the...

  • *Q1 profit before tax $5 bln versus $6.1 bln a year ago. HONG KONG/ LONDON, May 4- HSBC Holdings Plc on Thursday reported better than expected first-quarter profits and capital position on Thursday, boosting the lender's share price in Hong Kong as the bank seeks to move from restructuring to growth. HSBC's shares rose 2 percent in Hong Kong following the...

  • BEVERLY HILLS, Calif., May 3- After years of discord with a prominent hedge-fund manager, a federal investigation and bad publicity, Herbalife Ltd Chief Executive Officer Michael Johnson is taking a victory lap. At the Milken Institute Global Conference this week, Johnson touted the wares of his nutritional supplement maker, offering free shakes and protein...

  • *To hire 100 client advisors in Hong Kong over two years. HONG KONG, May 4- UBS Group AG plans to hire about 100 wealth management client advisors over the next two years in Hong Kong, the biggest wealth hub in Asia-Pacific, to grab a bigger share of the fast-growing mid-tier millionaire segment. "For us, the sweet spot is high-net-worth clients with investable assets...

  • MUMBAI, May 4- With red-and-white headphones draped around her neck, 22- year-old Indian IT security consultant Abdhija Sharma looks like she would be more at home discussing the latest music or Bollywood movies than compound returns on equity investments. But at an office in a Mumbai suburb one recent Saturday, surrounded by banners urging them to "Create...

  • BEVERLY HILLS, Calif., May 3- After years of discord with a prominent hedge-fund manager, a federal investigation and bad publicity, Herbalife Ltd Chief Executive Officer Michael Johnson is taking a victory lap. At the Milken Institute Global Conference this week, Johnson touted the wares of his nutritional supplement maker, offering free shakes and protein...

  • WASHINGTON, May 3- In a razor-thin vote, the U.S. Senate on Wednesday approved a resolution killing a Labor Department regulation aimed at easing federal restrictions for new state-sponsored retirement savings plans for lower-income workers. The rule, championed by states such as California but opposed by the mutual fund industry, exempted state-run...

  • *Investors buying sterling and UK gilts. The currency's steep fall since June's Brexit referendum has aggravated inflation to 2.3 percent, above the Bank of England's 2 percent target, risking a drain on consumers' real spending power while tying the Bank of England's hands if further monetary easing were needed. But after the election announcement on April 18,...

  • Vanguard founder Jack Bogle

    Vanguard Group founder Jack Bogle has done more than anyone to kill active management. Now he has a plan to save them.

  • MUNICH, May 3- German insurer Allianz is optimistic about its prospects despite a very tough business environment, the German insurer said on Wednesday as it posted a slightly better than expected first-quarter profit. Allianz also confirmed its forecast for 2017 as it said operating profit had risen 9.4 percent to 2.9 billion euros in the quarter, while...

  • LONDON, May 2- Hedge funds are losing faith that OPEC can accelerate the rebalancing of the oil market even if the group agrees to extend output cuts when it meets later this month. The number of long positions has fallen to the lowest level since before OPEC announced its output agreement on Nov. 30. Fund managers have become less bullish despite increasingly...

  • RIYADH, May 2- The prince overseeing Saudi Arabia's economy said his radical reforms were succeeding in protecting the kingdom against low oil prices, and he promised massive investments in coming years to help diversify the economy beyond oil. "Although our prices dipped to as low as $27 for more than one year... the government managed to shield economic...