Goldman Sachs AM repositions Global Energy Equity fund to focus on environmental transition

GSAM Global Environmental Equity

Valeria Martinez
clock • 2 min read

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

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Funds

Schroders Greencoat launches renewables and energy transition LTAF

Schroders Greencoat launches renewables and energy transition LTAF

Second LTAF from Schroders Capital

Cristian Angeloni
clock 07 February 2024 • 2 min read
Mark Carney's Brookfield AM raises $10bn for global net zero transition fund

Mark Carney's Brookfield AM raises $10bn for global net zero transition fund

Second iteration of the strategy

clock 06 February 2024 • 2 min read
Royal London AM closes Global Equity Select fund to new investors

Royal London AM closes Global Equity Select fund to new investors

22.9% performance gain

clock 05 February 2024 • 1 min read
Trustpilot