IN BRIEF: Impax Asset Management assets under management fall
Impax Asset Management Group PLC - London-based investment manager focused on sustainable ventures - Reports total assets under management of GBP24.24 billion as at December 31, down 7.0% from GBP26.06 billion at September 30. The firm reports net outflows of GBP1.63 billion over the three months. Chief Executive Ian Simm says: "Net outflows during the quarter were driven by a small number of institutional clients, while net outflows in our wholesale channel continued to improve. Overall, net outflows have stabilised in recent quarters following a more challenging period around 12 months ago." Read More