MetLife Investment to Acquire Specialist ESG Manager, Affirmative Investment Management – ​​InsuranceNewsNet

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MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc., announced that it has entered into a definitive agreement to acquire Affirmative Investment Management (AIM), a global environmental impact specialist , social and corporate governance (ESG). income investment manager with deep capabilities in impact investing, verification, reporting and engagement. As of June 30, 2022, AIM’s assets under management were $1.01 billion. The acquisition is subject to customary closing conditions, including regulatory approval.

The acquisition will advance MIM’s ESG investing and reporting capabilities as it seeks to provide client solutions and long-term risk-adjusted returns. “By combining AIM’s expertise with MIM’s commitment to sustainable investing, we will be even better placed to provide comprehensive information and guidance to clients and consultants on ESG considerations,” said Steven J. Goulart, chairman of MIM and executive vice president and chief investment officer. for MetLife. “MIM will maintain its core investment processes, and AIM brings us additional capabilities to assess sustainability and risk considerations in our core competencies in public fixed income, private fixed income and real estate. “

“We are delighted to be able to join a world-class institutional investment firm within MIM and continue our mission of managing high-performing portfolios that consider positive environmental and social impact,” said Stephen Fitzgerald, who co-founded AIM in 2014. “In our planned integration with MIM’s investment teams, we believe we can provide differentiated insights and analysis to MIM’s growing list of global clients.

AIM has won numerous ESG-related industry awards, including the most recent Best ESG Investment Fund: Fixed Income at the 2022 ESG Investing Awards, Impact Asset Manager of the Year at the 2021 Australian Impact Investment Awards and Impact Report of the Year (for investors) at the Environmental Finance Bond Awards in 2021.

About MetLife Investment Management

MetLife Investment Management, the institutional asset management business of MetLife, Inc. (NYSE: MET), is a global public fixed income, private equity and real estate investment manager that provides investment solutions tailored to institutional investors around the world. MetLife Investment Management offers public and private pension plans, insurance companies, endowments, funds and other institutional clients a range of tailored investment and financing solutions that aim to meet a range of long-term investment goals and risk-adjusted returns over time. MetLife Investment Management has over 150 years of investment experience and, as of June 30, 2022, had $590.9 billion in assets under management.

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional clients build a confident future. Founded in 1868, MetLife is present in more than 40 markets worldwide and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

About Positive Investment Management

Affirmative Investment Management (AIM) is a global manager specializing in environmental, social and corporate governance (ESG) impact bond investments with deep capabilities in impact investing, verification, reporting and engagement . Established in 2014, AIM focuses on raising traditional capital to address ESG challenges. Its mission is to manage bond portfolios that generate positive environmental and social impact without compromising financial returns. AIM’s highly experienced team is uniquely focused on investing and growing the impact bond market with a disciplined approach to building impact bond portfolios and generating returns.

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