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Capital Markets Asset Management and Custody Banks

  • *Asia new-business profit jumps 15 pct to 1.61 bln stg. Asia was "in some ways, ours to lose," Prudential Chief Executive Mike Wells said in a statement which showed new business profit in the region rose 15 percent to 1.61 billion pounds, helped by higher sales and rising interest rates. Seven countries clocked double-digit growth in Asia, including Hong Kong,...

  • MUMBAI/ SINGAPORE, Nov 16- Indian companies are finding it easier to raise funds through bonds than bank loans, as a surge in bad credit chokes off bank lending while investors seek higher-yielding investments for their cash. "The cost differential is a big fillip to bond issuers and also beneficial to investors like mutual funds who are receiving huge inflows of...

  • MUMBAI/ SINGAPORE, Nov 16- Indian companies are finding it easier to raise funds through bonds than bank loans, as a surge in bad credit chokes off bank lending while investors seek higher-yielding investments for their cash. "The cost differential is a big fillip to bond issuers and also beneficial to investors like mutual funds who are receiving huge inflows of...

  • ZURICH, Nov 16- EFG International attracted net inflows from July to the end of the October for the first time since the Swiss private bank bought BSI bank in early 2016.. EFG said on Thursday it saw net inflows of 500 million Swiss francs in the period, raising assets under management to 147.5 billion francs. EFG agreed to buy rival Swiss bank BSI Ltd from Brazil's...

  • *New-business profit jumps 17 pct to 2.47 bln stg. *Sees opportunities in Asia, US, UK and Europe. Nov 16- Prudential Plc's new-business profit for the first nine months of the year rose 17 percent, with a major chunk of it coming from Asia, and the British life insurer also saw growth opportunities in the United States, and the UK and Europe.

  • MELBOURNE, Nov 16- London nickel and copper on Thursday edged back towards multi-week lows plumbed in the previous session, with markets jittery after a spate of data showed that China's economy cooled in October. *LME NICKEL: London Metal Exchange nickel had fallen 0.5 percent to $11,635 a tonne by 0623 GMT, extending a decline that began last week after prices...

  • MELBOURNE, Nov 16- London copper was steady on Thursday, holding above a five-week low plumbed the previous session as markets calmed after a spate of China data showed its economy cooled in October. *LME COPPER: London Metal Exchange copper was flat at $6,771.50 a tonne by 0216 GMT with prices recovering from the one-month lows, after touching $6,713 a tonne on...

  • Nov 15- Activist hedge fund manager Nelson Peltz claimed victory in his fight to win a seat on Procter& Gamble Co's board after a preliminary tally of votes was released on Wednesday, but P&G refused to concede and said it wants to see a certified result before declaring a winner. "Shareholders have voted, and they have indicated that they want Nelson Peltz to join...

  • Nov 15- Activist hedge fund manager Nelson Peltz claimed victory in his fight to win a seat on Procter& Gamble Co's board after a preliminary tally of votes was released on Wednesday, but P&G refused to concede and said it wants to see a certified result before declaring a winner. A new preliminary vote tally prepared by independent election inspector IVS...

  • NEW YORK, Nov 15- Corporate borrowers could face a liquidity crisis if lenders insist on tightening covenants as interest rates rise, Michael Vranos, who oversees $6.5 billion at Ellington Management Group, said on Wednesday. Speaking at the Reuters Global Investment 2018 Outlook Summit, Vranos said he has instead been looking for value in nonperforming loans,...

  • SCOTTSDALE, Ariz., Nov 15- Vanguard Group Inc staged the largest-ever mutual fund shareholder proxy meeting on Wednesday facing a problem competing asset managers would welcome: how to manage rapid growth without losing its traditional low-cost appeal. Years of strong inflows to its index funds and other products have helped drive the Pennsylvania...

  • Hurricanes in the United States and the Caribbean in August and September are expected to cause at least $100 billion in insured losses, reinsurers and risk-modelling agencies have said. The sector is looking "quite an interesting place to be", said Nick Martin, manager of Polar Capital's $1.3 billion insurance long-only fund, adding that years of falling rates...

  • Hurricanes in the United States and the Caribbean in August and September are expected to cause at least $100 billion in insured losses, reinsurers and risk-modeling agencies have said. The sector is looking "quite an interesting place to be," said Nick Martin, manager of Polar Capital's $1.3 billion insurance long-only fund, adding that years of falling rates...

  • LONDON, Nov 15- The equity market is only in the "foothills" of another technology bubble rather than at the peak, Royal London Asset Management said on Wednesday. Its head of multi-asset Trevor Greetham also said a managed Chinese slowdown could be positive for stocks. "That China slowdown, as long as it's managed, is something which is actually quite positive for...

  • SHANGHAI, Nov 15- Canadian asset manager Manulife Asset Management on Wednesday launched a wholly-owned investment business in Shanghai and welcomed Beijing's steps to raise limits on foreign ownership in the finance sector. Manulife senior managing director James Chen said Manulife Asset Management was "very excited" about Beijing's plans to allow...

  • *China to play a big role in Natixis reaching AUM goal. *Not yet ready to apply for WFOE license in China. But the pie is set to grow bigger with China opening its doors to foreign asset managers a little bit more.

  • LONDON, Nov 15- Anglo-South African insurer Old Mutual said on Wednesday it was on course to list its wealth unit in 2018 and announced a series of planned changes to the brand. Advice and Wealth Management will include UK financial adviser network Intrinsic, which will be rebranded as Quilter Financial Planning; the multi-asset business, which will become...

  • LONDON, Nov 15- Insurers have pulled $20 billion out of coal investments, but most are European and none of the top nine U.S. insurers has taken "meaningful action", campaign group Unfriend Coal said on Wednesday. These include Lloyd's of London, which told Unfriend Coal it would start to exclude coal from its investment strategy in April 2018. However, four European...

  • NEW YORK, Nov 14- SkyBridge Capital LLC's chief investment officer expressed disappointment at the U.S. government's nearly year-long delay in approving the sale of the hedge fund investment firm to a consortium that includes a Chinese buyer, saying it had hurt business. "It's frustrating that it's taking this long," Ray Nolte said on Tuesday at the Reuters...

  • REUTERS SUMMIT-SKYBRIDGE EXEC NOLTE SAYS HEDGE FUND PORTFOLIOS HAVE REBOUNDED THIS YEAR AND BUSINESS OPERATING AS USUAL.