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  • Reuters

    BlackRock-backed Decarbonization Partners raises $1.4 billion for first fund

    Climate-focused investor Decarbonization Partners, a tie-up between BlackRock and Singaporean state investment firm Temasek, said on Thursday it had raised a higher-than-targeted $1.4 billion for its first fund. Others to back the venture and late-stage growth equity fund, which will focus on companies that can help accelerate the transition to a low-carbon economy, include U.S. insurer Allstate, Spanish lender BBVA and energy firm TotalEnergies. In total, more than 30 institutional investors from 18 countries invested in the fund, the firm said in a statement, including public and private pension funds, sovereign wealth funds and family offices, helping it pass a $1 billion target.

  • Reuters

    FOREX-Yen at multi-decade lows, dollar drops before US data

    The yen hit a fresh 34-year low versus the dollar and a 16-year low against the euro on Thursday as investors expect a Bank of Japan policy meeting that ends on Friday to not be hawkish enough to support the Japanese currency. Japanese authorities "are between a rock and a hard place", said Athanasios Vamvakidis, global head of G10 forex strategy at BofA. "If they buy yen, pressures can still arise because many investors are waiting for intervention to sell the Japanese currency," he added, arguing that the yen could reach 160 even if there is intervention.

  • Insider Monkey

    Improved Oil Prices and M&A Transactions Pushed Viper Energy (VNOM) in Q1

    Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” first-quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, the portfolio gained +8.5% on a net basis, well above R2000V’s advance of +2.9% and above R2500V’s rise of +6.1%. The largest contribution to the […]