Goldman Draws Over $1.6 Billion to Strictest ESG Fund Class
- Follows launch by Trium of long-short Article 9 fund
- Article 9 has been at center of wave of ESG fund downgrades
Photographer: Jin Lee/Bloomberg
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The asset management unit of Goldman Sachs Group Inc. has drawn in over $1.6 billion in client cash for a fund registered under the European Union’s toughest ESG rules.
The Horizon Environment & Climate Solutions I fund, which exceeded its initial target, will pursue a private equity strategy, Goldman Sachs Asset Management said on Tuesday. It’s listed as an Article 9 product, which is the highest environmental, social and governance investing standard in the EU.