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Impax AM buys SKY Harbor's European high yield funds to bolster fixed income unit
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investmentweek.co.ukThe transaction, which is subject to terms and conditions, will see the firm acquire SKY Harbor's European-based funds and mandates targeting short-duration high yield and broad high yield strategies, which are distributed to non-US investors. Impax will become the manager of the separate mandates and the investment manager and distributor of the SKY Harbor UCITS fund and sub-funds, which hold about £1.6bn of assets under management and advice. Following the completion of the acquisition, eight SKY Harbor team members, including senior executives who have managed and supported SKY Har...
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