InvestmentsOct 8 2015

Impax posts 2% AUM increase in ‘difficult conditions’

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by
Impax posts 2% AUM increase in ‘difficult conditions’

Impax Asset Management Group has reported a 2 per cent increase in its assets under management to £2.8bn for the year to September 30 2015.

In a trading update the firm, which focuses on environmental markets and related resource efficiency sectors, pointed out equity market volatility in the last three months to September 30 2015 had “created difficult conditions for all investment managers”.

But it added: “All our listed equity strategies have outperformed the MSCI All Country World Index for the year to date and most have out-performed their benchmarks cumulatively over the last three years.”

The firm recorded net inflows for the 12 months to September 30 of £77m, as inflows of £110m into its third party listed equity funds and accounts offset the outflows from private equity and the Impax label listed equity funds.

Meanwhile the company also revealed its Impax Asset Management subsidiary had entered into an agreement with BNP Paribas Investment Partners to act as the “exclusive placement agent for Impax’s third private equity infrastructure fund”.

Ian Simm, chief executive of Impax, stated: “Investor interest in climate risk and stranded assets is gathering momentum and the build up to the Paris climate conference this December is also fuelling unprecedented investor interest in Impax’s markets. The company is well positioned to benefit from these long term trends and we continue to develop our suite of products to meet investor needs.”