Impax sees 59% surge in assets 

Impax sees 59% surge in assets 

Impax Asset Management has seen its assets under management reach a new peak, climbing 59 per cent in the space of a year.

According to the Aim-listed investment manager’s results for the year ending 30 September, the firm has hit the £4.5bn mark in assets under management, a significant jump against the £2.8bn reported at the same time last year.

The discretionary fund manager also reported net inflows of £496m for the year, and generally saw positive flows across the board, except its private equity offering, which suffered outflows amounting to £79m.

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Impax, which is focused on environmental markets, experienced a slowdown in terms of flows between April and June this year, although its chief executive Ian Simm said the outcome of the European Union referendum did not impact its investments.

Mr Simm said: “At a time of increasing concern about the rate of future economic growth, investor interest in opportunities arising from the transition to a sustainable global economy continues to build.”