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Capital Markets Asset Management and Custody Banks

  • HONG KONG/ LONDON, Feb 21- HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts' estimates as the British bank took hefty writedowns from its restructuring, sending its Hong Kong shares down 3.5 percent. The 2016 profit reflected a $3.2 billion impairment of goodwill in its global private banking business in Europe...

  • HONG KONG, Feb 21- HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts' estimates due to one-time charges related to some businesses, and announced a new $1 billion share buy-back. The 2016 profit reflected a $3.2 billion impairment of goodwill in its global private banking business in Europe and the impact of its...

  • *Inflows from China pension funds will top $1 bln- media. SHANGHAI, Feb 21- Shanghai stocks edged up on Tuesday morning to an 11- week high, as risk appetites were improved on hopes for big flows into stock markets from pension funds plus news that some companies have scrapped new share sales. Tian Weidong, analyst at Kaiyuan Securities in Xi'an, said one part of the...

  • HONG KONG, Feb 21- HSBC Holdings' 2016 pre-tax profit fell 62 percent, below analysts' estimates, as it grappled with slowing economic growth in its core markets of Hong Kong and Britain and took one-time charges related to some of its businesses. The 2016 profit reflected a $3.2 billion impairment of goodwill in its global private banking business in Europe and...

  • LONDON, Feb 20- Asset managers on Monday marshaled their defense against proposed changes by their regulator aimed at boosting value for investors by cutting costs and increasing competition. The Financial Conduct Authority launched a review of the industry last year aimed at overhauling Britain's 7 trillion pound asset management industry, and gave Feb....

  • LONDON, Feb 20- Hedge funds and other money managers have amassed a very large bullish position in crude oil futures and options without so far having much impact on oil prices. The combined net long position has a notional valuation of more than $49 billion, which is the highest since July 2014. Fund managers now have the most bullish view on oil since the first half...

  • LONDON, Feb 20- Hedge funds and other money managers have amassed a very large bullish position in crude oil futures and options without so far having much impact on oil prices. The combined net long position has a notional valuation of more than $49 billion, which is the highest since July 2014. Fund managers now have the most bullish view on oil since the first half...

  • LONDON, Feb 20- Asset manager Vanguard said on Monday that funds should carry health warnings about fees though the U.S. giant rejected the idea of more radical fee changes proposed in a British regulatory review of the sector. The Financial Conduct Authority launched the review last year saying it planned to overhaul Britain's 7 trillion pound asset...

  • LONDON, Feb 20- Vanguard, the world's second biggest asset manager, called on Monday for a' health warning' to be attached to funds to help investors understand the impact fees have on their returns. The suggestion formed part of its response to Britain's regulator, the Financial Conduct Authority, which in November released its interim findings into the asset...

  • LONDON, Feb 20- Sovereign wealth funds pulled $37.8 billion from global stock and bond markets in 2016, data from research firm eVestment showed on Monday, although fourth quarter flows showed a slowdown in the rate of redemptions. The rate of selling steadily reduced over the course of 2016, with fourth quarter redemptions of $4.9 billion, down from a revised...

  • The global study, conducted by Stirling Infrastructure Partners, an adviser to institutional investors, polled 44 sovereign wealth funds and pension funds with some $63 billion allocated to infrastructure, and found a growing appetite for assets in riskier markets. Central and Eastern Europe rose to 30 percent from 22 percent and Latin America to 27 percent...

  • SHANGHAI, Feb 20- China's blue-chip index posted its biggest daily gain in six months on Monday after media reports said pension funds may begin flowing into the country's stock markets as early as this week. Media reported on Friday that China had started investing an initial 360 billion yuan in pension insurance funds from seven provinces and cities in...

  • TORONTO/ NEW YORK, Feb 17- Kinder Morgan Inc has begun talks with institutional investors including major Canadian pension funds and private equity firms to raise capital for the C $6.8 billion expansion of its Trans Mountain pipeline project, according to people familiar with the process. The biggest U.S. pipeline company, which has said its goals for 2017...

  • EXCLUSIVE-KINDER MORGAN INC BEGINS TALKS WITH MAJOR CANADIAN PENSION FUNDS, PRIVATE EQUITY FIRMS TO FINANCE TRANS MOUNTAIN PIPELINE EXPANSION- SOURCES.

  • TORONTO/ NEW YORK, Feb 17- Kinder Morgan Inc has begun talks with institutional investors including major Canadian pension funds and private equity firms to raise capital for the C $6.8 billion expansion of its Trans Mountain pipeline project, according to people familiar with the process. The biggest U.S. pipeline company, which has said its goals for 2017...

  • *U.S. bonds rally with German, U.K. debt. NEW YORK, Feb 17- U.S. The market is benefiting from lower yields overseas and sort of a reassessment of the risk on trade that weve seen in equities, said Gary Pollack, head of fixed-income trading at Deutsche Bank Private Wealth Management in New York.

  • HELSINKI, Feb 17- Finnish pension fund Ilmarinen has increased its investments in U.S. equities while cutting back on European stocks due to weak growth prospects in the region, its chief executive Timo Ritakallio said on Friday. Ilmarinen, Finland's second-biggest pension fund after Varma, oversees about 37 billion euros in investments and its moves are...

  • --China has started investing an initial 360 billion yuan in pension insurance funds from seven provinces and cities, including Beijing and Shanghai, in financial markets, widening a scope until then restricted to lower-yielding bank deposits and treasuries, the state-owned Securities Daily reported on Friday, citing the Ministry of Human Resources and...

  • Feb 16- Ashford Hospitality Prime Inc. has reached an agreement with hedge fund Sessa Capital to add two directors to the real estate investment trust's board. The agreement ends a long feud between the company and the hedge fund, which launched a proxy fight against it last year and was close to launching another before the two sides entered settlement talks.

  • BOSTON, Feb 16- Fidelity Investments said on Thursday its financial services operating profit rose 19.5 percent to $3.5 billion in 2016 despite massive withdrawals of investor money from its actively managed stock funds. Revenue totaled $15.9 billion in 2016, an increase of 3.4 percent over 2015, according to Boston- based Fidelity, which is controlled by...