MetLife Investment Management Acquires Affirmative Investment Management

Published on: 30 August 2022
by KnowESG
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MetLife Investment Management (MIM), MetLife, Inc.'s institutional asset management business, announced the acquisition of Affirmative Investment Management (AIM), a specialist global environmental, social, and corporate governance (ESG) impact fixed income investment manager with deep capabilities in impact investing, verification, reporting, and engagement.

AIM's assets under management were valued at $1.01 billion as of June 30, 2022. The deal is subject to the usual closing conditions, which include regulatory approval. MIM's ESG investment and reporting capabilities will be strengthened as it strives to provide client solutions and long-term risk-adjusted returns.

Steven J. Goulart, president of MIM and executive vice president and chief investment officer for MetLife, said: 

"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.” 

Stephen Fitzgerald, the co-founder of AIM, said: 

"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. 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 numerous ESG-related industry awards, including Best ESG Investment Fund: Fixed Income at the ESG Investing Awards 2022, Impact Asset Manager of the Year at the 2021 Australian Impact Investment Awards, and Impact Report of the Year (for Investors) at the 2021 Environmental Finance Bond Awards.

Source: MetLife

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