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Impax AM banks on acquisitions as outflows continue
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investmentweek.co.ukStronger market conditions boosted AUM by £1.2bn while the acquisition of Absalon Capital Management in July added a further £312m to the firm's fixed income assets, taking AUM to £37.2bn as at 30 September. This represented an increase of 0.7% over the quarter but a decrease of 0.6% over the financial year since 30 September 2023. Impax AM assets grow 5.9% despite £2.7bn outflows The asset manager did, however, manage to stem redemptions in Q4, which were largely from intermediary clients representing European private wealth investors, such as BNP Paribas Asset Management, with ou...
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