Impax Asset Management (GB:IPX) has released an update.
Impax Asset Management Group plc has expanded its fixed income offerings by completing the acquisition of Absalon Corporate Credit’s assets, a Copenhagen-based manager with £355 million under management. The addition of Global High Yield and Emerging Market Corporate Debt strategies increases Impax’s fixed income AUM to approximately £3.1 billion, with a diverse team of 20 professionals post-acquisition. This move signifies Impax’s first venture into offering fixed income solutions outside North America through their UCITS platform.
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