“Sustainable investing is red-hot. For the most recent evidence, look at last week’s acquisition news: Affiliated Managers Group paid $600 million for a majority stake in privately held Parnassus Investments, which sent Affiliated’s stock (ticker: AMG) up as much as 7% on the day the deal was announced.”
[COMMENTARY]Many of the ethical and SRI pioneer firms are falling into the hands of huge establishment players. I suppose it was inevitable that this happens. However, there are some nimble and niche players also entering the space!
AMG Acquires Control of Parnassus, the Last Big ESG Firm. What This Means for ESG Investors, by Leslie P. Norton, July 9, 2021, Barron’s, USA.