MetLife Investment Management, the institutional asset management business of MetLife (MET), announced that it has entered into a definitive agreement to acquire Affirmative Investment Management, or AIM, a specialist global environmental, social and corporate governance, or ESG, impact fixed income investment manager. As of June 30, 2022, AIM’s assets under management were $1.01B. The acquisition is subject to customary closing conditions, including regulatory approval. "By combining AIM’s expertise with MIM’s commitment to sustainable investing, we will be even better positioned to provide comprehensive insight and counsel to clients and consultants on ESG considerations. MIM will maintain its fundamental investment processes, and AIM brings us additional capabilities to evaluate sustainability and risk considerations across our core competencies in public fixed income, private fixed income and real estate," said Steven Goulart, president of MIM and executive vice president and chief investment officer for MetLife.
Published first on TheFly
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