Impax Asset Management Group
plc
("Impax"
or the "Company")
Q3 AUM
update
Impax, the AIM listed specialist
investor focused on the transition to a more sustainable economy,
today provides an update on the development of its assets under
discretionary and advisory management ("AUM") for the third quarter
of its financial year.
On 30th June 2024, the
Company's AUM totalled £36.9 billion, representing a decrease of
6.8% over the three-month period.
Ian
Simm, Chief Executive, commented:
"Aggregate net flows for the quarter
to 30 June remained negative and dominated by our wholesale
channel, despite a notable easing of outflows from key parts of our
European distribution structure. Following a busy period for our
direct sales team, our pipeline of potential new business is
healthy.
"Today we announced that Impax has
entered into agreements to acquire the European assets of SKY
Harbor Capital Management LLC, with assets under management ("AUM")
of ca. US$2 billion in aggregate. This transaction, together
with the expected completion this month of our acquisition of
Absalon Capital Management, which has AUM of ca. US$0.5 billion,
will greatly enhance our fixed income capability, which we have
identified as an area of significant potential for the Company.
Post the completion of both acquisitions, Impax will have total
pro-forma fixed income assets under management of approximately
US$4 billion as of 30 June 2024 and a fixed income team of 20
professionals offering a diversified product range to asset owners
who are increasingly demanding credit solutions."
Movements in the Company's AUM for the quarter ended 30 June
2024
|
|
Listed
equities
|
Fixed
income
|
Private
markets
|
Total firm
|
|
|
£m
|
£m
|
£m
|
£m
|
|
Total AUM at
31
March 2024
|
37,735
|
1,215
|
670
|
39,620
|
|
Net flows
|
(1,902)
|
(24)
|
37
|
(1,889)
|
|
Market movement, FX and
performance
|
(798)
|
(1)
|
(6)
|
(805)
|
|
Total AUM at 30 June 2024
|
35,035
|
1,190
|
701
|
36,926
|
LEI number:
213800AJDNW4S2B7E680
- Ends -
Enquiries:
|
Impax Asset Management Group plc
Ian Simm, Chief Executive
Paul French, Head of
Communications
|
+44 (0)20 3912 3000
+44 (0)20 3912 3032
|
|
Montfort Communications
Gay Collins
Jack Roddan
impax@montfort.london
|
+44 (0)77 9862 6282
+44 (0)78 2567 0695
|
|
Peel
Hunt LLP, Nominated Adviser and Joint Broker
Andrew Buchanan
Dan Webster
Berenberg, Joint Broker
James Felix
Dan Gee-Summons
|
+44 (0)20 7418 8900
+44 (0)20 3207 7800
|
About Impax Asset Management
Founded in 1998, Impax is a
specialist asset manager, with approximately £36.9
billion of 30 June 2024 in
both listed and private markets strategies, investing in the
opportunities arising from the transition to a more sustainable
global economy.
Impax believes that capital markets
will be shaped profoundly by global sustainability challenges,
including climate change, pollution and essential investments in
human capital, infrastructure and resource efficiency. These trends
will drive growth for well-positioned companies and create risks
for those unable or unwilling to adapt.
The company seeks to invest in
higher quality companies with strong business models that
demonstrate sound management of risk. Impax offers a well-rounded
suite of investment solutions spanning multiple asset classes
seeking superior risk-adjusted returns over the medium to long
term.
Impax has approximately 300
employees1 across its offices in
the United Kingdom, the United States, Ireland, Hong Kong and Japan
making it one of the investment management sector's largest
investment teams dedicated to sustainable development.
www.impaxam.com
1 Full-time
equivalent.
Issued in the UK by Impax Asset Management Group plc, whose
shares are quoted on the Alternative Investment Market of the
London Stock Exchange. Impax Asset Management Group
plc is registered in England & Wales, number
03262305. AUM relates to Impax Asset
Management Limited, Impax Asset Management (AIFM) Limited, Impax
Asset Management Ireland Limited and Impax Asset Management
LLC. Impax Asset Management Limited and Impax Asset
Management (AIFM) Limited are authorised and regulated by the
Financial Conduct Authority and are wholly owned subsidiaries of
Impax Asset Management Group plc. Please note that the
information provided on www.impaxam.com
and links from
it should not be relied upon for investment
purposes.
Impax is trademark of Impax Asset
Management Group Plc. Impax is a registered trademark in the EU,
US, Hong Kong and Australia. © Impax Asset Management LLC, Impax
Asset Management Limited and/or Impax Asset Management (Ireland)
Limited. All rights reserved.