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Canada’s Indigenous peoples eye big energy deals, await Trudeau loan promise

By Rod Nickel and Nivedita Balu WINNIPEG, Manitoba/TORONTO (Reuters) – Canada’s First Nations are eyeing their biggest opportunities yet to invest in multi-billion-dollar energy projects from pipelines to power lines, hinging on Prime Minister Justin Trudeau keeping a promise this spring to make the deals easier to finance. Trudeau’s government will release its budget April …

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CVC-linked investment unit sells 5% stake in Vietnam’s Asia Commercial Bank for $220 million

By Phuong Nguyen, Kane Wu and Yantoultra Ngui HANOI/HONG KONG (Reuters) – An investment vehicle linked to CVC Capital Partners has disposed of its entire 5% stake in Vietnam’s fourth biggest non-state owned commercial lender, Asia Commercial Bank (ACB), for $220 million, according to a company filing and a person with knowledge of the matter. …

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Loeb’s Third Point rises 8% in Q1, driven by activist strategy, source says

By Carolina Mandl NEW YORK (Reuters) -Billionaire investor Daniel Loeb’s hedge fund Third Point ended the first quarter with its main fund Offshore up 8%, while the Ultra fund rose 8.7%, extending last year’s gains with successful activist bets, a source familiar with the matter said. Credit and venture capital strategies also boosted results, the …

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Analysis-Relentless US credit demand seen driving second-quarter rally

By Shankar Ramakrishnan (Reuters) – An investor scramble to lock in returns before the Federal Reserve cuts rates is expected to sustain a rally in the U.S. corporate bond market into the second quarter, with one strategist saying it may touch levels not seen in three decades. Credit markets are being overwhelmed by a buying …

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Factbox-Focus on bitcoin in Q1 overshadows broadening of US ETF landscape

By Suzanne McGee (Reuters) – The birth of spot bitcoin exchange-traded funds (ETFs) and the quest for new ways to invest in the artificial intelligence overshadowed other trends in the broader ETF market in the first quarter, but analysts say other themes like single-country ETFs and bond ETFs are likely to play out through 2024. …

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EnCap Investments seeks sale of Utah oil producer XCL Resources, sources say

By Shariq Khan and David French (Reuters) – EnCap Investments is seeking to sell XCL Resources, four people familiar with the matter said, two years after the private equity firm’s plan to combine the oil and gas producer with a local rival was thwarted by U.S. antitrust regulators. XCL, one of the largest energy producers …

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Investors file record number of climate resolutions for North American companies

By Ross Kerber BOSTON (Reuters) – A record 263 climate-related shareholder resolutions have been filed so far this year for annual meetings of North American companies, a new tally showed on Tuesday, with proponents tailoring their wording to gain support. Officials at sustainability nonprofit Ceres said the trends they found show investors and corporate executives …

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Blackstone eyes sale of Victor Allen’s coffee owner Trilliant, sources say

By Abigail Summerville (Reuters) – Private equity firm Blackstone is considering a sale of Trilliant Food & Nutrition that could value the U.S. company behind the Victor Allen’s and Aspen Ridge coffee brands at about $600 million including debt, three people familiar with the matter said. Blackstone has tapped Bank of America as financial adviser …

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BlackRock’s Fink flags US retirement crisis, plans product launch

(Reuters) -BlackRock CEO Larry Fink on Tuesday urged the government and the private sector to ensure Americans have enough money to retire and said the world’s largest asset manager would launch a product next month to address the issue. The “LifePath Paycheck” will go live in April, with 14 retirement plan sponsors aiming to make …

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