Impax Asset Management received net inflows of £272m in the first quarter of 2016, according to a trading update.
The specialist investment manager, which is focused on environmental markets and resource efficiency sectors, attributed 65 per cent of net inflows in the quarter to the end of March to a new segregated mandate account from an institutional investor in the US.
Impax label listed equity funds saw net inflows of £26m during the quarter.
Assets under management were 16 per cent higher on March 31 2016 than at the start of the quarter, having hit £3.6bn, and 26 per cent more than at the start of its financial year on October 1 2015.
Chief executive Ian Simm said: “Despite considerable market volatility early in 2016, Impax has had a strong quarter with positive net inflows and creditable investment performance. Investor interest in our capabilities and investment products remains high and we have a healthy pipeline of potential new inflows.”
