they had adjusted their risk from 36mm to 30mm november 2017
form 605 ceased to be sub 15/05/18 -2.7mm shares milford
they disappeared completely by the 2018 annual report
at that point HSBC held 56mm to be top of top 20
risk adjustment are always a warning sign even tho they make sense numerically the risk/reward view has changed
Ann: Preliminary Final Report and 2019 Financial Statements, page-24
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