Goldman Sachs Asset Management has repositioned the former Global Energy Equity fund to focus on high-emitting companies that are seeking to reduce their environmental impact.
The Global Energy Equity fund, which was a legacy NN Investment Partners product, was managed with a quantitative approach and a narrow focus on the energy sector. However, the newly launched Goldman Sachs Global Environmental Equity strategy uses the structure of the former legacy vehicle but has a new investment universe and is managed by GSAM's fundamental equity team. The Article 8-classified fund focuses on companies with a heavy environmental footprint that are seeking to improve their business models and sustainability profiles. Goldman Sachs AM raises $200m for its debut p...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
