ESG specialists NN IP and Hermes IM acquired

Goldman Sachs buys NN for $1.6bn, while Federated Hermes pays BT £116.5m for remaining stake in Hermes

Goldman Sachs has acquired ESG investment heavyweight NN Investment Partners (NN IP) for $1.6bn, while BT Pension Scheme (BTPS) has sold out of engagement specialist Hermes Investment Management. 

NN IP, which runs some $355bn, will boost Goldman Sachs’ presence in Europe, as well…

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