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Capital Markets Asset Management and Custody Banks

  • 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...

  • PARIS, Feb 16- Hedge fund operator TCI Fund Management said on Thursday it had the support of several other investment firms in its protest against aero engines maker Safran's agreed bid for seats manufacturer Zodiac Aerospace. But we are not looking to act in concert with them, "said TCI partner Jonathan Amouyal, speaking to Reuters by telephone.

  • Feb 16- Snap Inc, owner of the popular messaging app Snapchat, is seeking a valuation of between $16.20 billion and $18.52 billion in its highly awaited initial public offering. "I think that the lower proposed valuation reflects feedback from institutional investors that the higher valuation is hard to justify," Jay Ritter, IPO expert and professor at the...

  • Feb 16- Hong Kong stocks closed at an 18- month high on Thursday, with sentiment boosted by Wall Street's ongoing rally and demand from China. Analysts said sustained southbound inflows had helped the Hong Kong stock market. Robert Di, founding partner of hedge fund manager RPower Capital, said the outlook on Hong Kong stocks was improving, and the enthusiasm...

  • Feb 15- Procter& Gamble Co, maker of Tide detergent and Gillette razors, will face ever greater pressure to slice costs and slow-growing divisions now that activist investor Trian Partners is a major shareholder. A person familiar with the matter told Reuters that Trian currently holds more than $3 billion of P&G's stock. Bernstein Research said in January 2016...

  • Feb 15- Procter& Gamble Co, maker of Tide detergent and Gillette razors, will face ever greater pressure to slice costs and slow-growing divisions now that activist investor Trian Partners is a major shareholder. A person familiar with the matter told Reuters that Trian currently holds more than $3 billion of P&G's stock. Bernstein Research said in January 2016...

  • NEW YORK, Feb 15- Morgan Stanley's chief U.S. equity strategist, Adam Parker, is leaving the company, according to an internal memo seen by Reuters on Wednesday. Parker is joining hedge fund Eminence Capital, according to a person familiar with the matter. Peter Santoro, who had been head of global equities trading, is leaving for Millennium Partners, Reuters...

  • NEW YORK, Feb 15- Morgan Stanley's chief U.S. equity strategist, Adam Parker, is leaving the firm, according to an internal memo from the company on Tuesday seen by Reuters. Parker is joining hedge fund Eminence Capital as its director of quantitative strategy, according to a person familiar with the matter who declined to be identified because the matter was...

  • SAO PAULO, Feb 15- Grupo BTG Pactual SA will keep high capital ratios in coming quarters to prepare Latin America's No. 1 independent investment bank to grow in core activities, following a dramatic balance sheet downsizing last year, Chief Executive Officer Roberto Sallouti said on Thursday. The regulatory capital ratio at BTG Pactual's core banking unit rose...

  • Feb 14- U.S. hedge fund Elliott Management Corp has dissolved its stake in advertising company Interpublic Group of Companies Inc, a regulatory filing showed on Tuesday. In July 2014, the hedge fund run by Paul Singer said it had bought a 6.7 percent stake in Interpublic. http://reut.rs/2kR2D8Y. A 13- F fling with U.S. regulators on Nov. 14, 2016, showed Elliott held a...

  • NEW YORK, Feb 14- Top U.S. hedge funds trimmed bets on a group of closely-watched technology stocks in the fourth quarter in an apparent effort to cut their losses following Donald Trump's U.S. presidential election victory, regulatory filings showed. An analysis of nine hedge funds, including Leon Cooperman's Omega Advisors and Daniel Loeb's Third Point,...

  • OSLO, Feb 15- Investors and insurers with more than $2.8 trillion in assets under management on Wednesday called on the Group of 20 economies to phase out fossil fuel subsidies by 2020 despite U.S. doubts about climate change. They included Actiam, Aegon Asset Management, Aviva Investors, KBI Global Investors, La Francaise, Legal and General and Trillium Asset...