Whippany, N.J., United States:
MetLife Investment Management (MIM), the institutional asset administration business of MetLife, Inc. (NYSE: MET), introduced that it has entered right into a definitive settlement to purchase Affirmative Investment Management (AIM), a specialist world environmental, social and company governance (ESG) impression mounted earnings funding supervisor with deep capabilities in impression investing, verification, reporting and engagement. As of June 30, 2022, AIM’s belongings underneath administration have been $1.01 billion. The acquisition is topic to customary closing circumstances, together with regulatory approval.
The acquisition will advance MIM’s ESG funding and reporting capabilities because it seeks to ship shopper options and long-term threat adjusted returns. “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,” stated Steven J. Goulart, president of MIM and government vice chairman and chief funding officer for MetLife. “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.”
“We are pleased to be able to join a world-class institutional investment firm in MIM and continue our mission of managing high-performing portfolios that consider positive environmental and social impact,” stated Stephen Fitzgerald, who co-founded AIM in 2014. “Upon our planned integration with MIM’s investment teams, we believe that we can deliver differentiated insights and analysis to MIM’s growing roster of global clients.”
AIM has received quite a few ESG associated business awards, most not too long ago Best ESG Investment Fund: Fixed Income on the ESG Investing Awards 2022, Impact Asset supervisor of the Year on the 2021 Australian Impact Investment Awards, and Impact Report of the Year (for traders) on the Environmental Finance Bond Awards in 2021.
About MetLife Investment Management
MetLife Investment Management, the institutional asset administration business of MetLife, Inc. (NYSE: MET), is a world public mounted earnings, non-public capital and actual property funding supervisor offering tailor-made funding options to institutional traders worldwide. MetLife Investment Management supplies private and non-private pension plans, insurance corporations, endowments, funds and different institutional shoppers with a spread of bespoke funding and financing options that search to meet a spread of long-term funding goals and risk-adjusted returns over time. MetLife Investment Management has over 150 years of funding expertise and, as of June 30, 2022, had $590.9 billion in complete belongings underneath administration.
About MetLife
MetLife, Inc. (NYSE: MET), by means of its subsidiaries and associates (“MetLife”), is among the world’s main monetary providers corporations, offering insurance, annuities, worker advantages and asset administration to assist particular person and institutional clients construct a extra assured future. Founded in 1868, MetLife has operations in additional than 40 markets globally and holds main positions within the United States, Japan, Latin America, Asia, Europe and the Middle East. For extra data, go to www.metlife.com.
About Affirmative Investment Management
Affirmative Investment Management (AIM) is a specialist world environmental, social and company governance (ESG) impression mounted earnings funding supervisor with deep capabilities in impression investing, verification, reporting and engagement. Established in 2014, AIM focuses on mobilizing mainstream capital to deal with ESG-related challenges. Its mission is to handle mounted earnings portfolios that generate optimistic environmental and social impression with out compromising monetary returns. AIM’s extremely skilled staff is solely targeted on investing in, and increasing, the impression bond market with a rigorous strategy to constructing impression bond portfolios and producing returns.
Forward-Looking Statements
The forward-looking statements on this information launch, utilizing phrases akin to “will,” “seek,” “continue,” “planned,” “believe” and “can” are primarily based on assumptions and expectations that contain dangers and uncertainties, together with the “Risk Factors” MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife’s future outcomes might differ, and it doesn’t undertake any obligation to right or replace any of those statements.
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