5th Mar 2025 12:28
Impax Asset Management Group PLC - London-based investment manager focused on sustainable ventures - Says assets under management fall 16% to GBP28.5 billion as at February 28, from GBP34.1 billion as at December 31. Chief Executive Officer Ian Simm says absolute returns are "no longer dominated by a handful of US-listed stocks". "Against this backdrop, Impax's investment performance relative to generic indices has improved, with strategies representing 69% of our AUM outperforming their benchmarks since the start of January," Simm says. The fall in assets under management was mainly driven by the previously announced loss of the St James's Place Sustainable & Responsible Equity Fund mandate, which represented about GBP5.1 billion and 8% of Impax's annualised revenue as at at the end of January, Impax highlighted. Read More
