Impax Asset Management ( (GB:IPX) ) has shared an update.
Impax Asset Management reported a decrease in its assets under management to £28.5 billion as of February 2025, primarily due to the loss of a significant mandate. Despite this, the company has seen improved investment performance relative to benchmarks and continues to experience client interest in its offerings. Impax has accelerated its efficiency program, reducing costs by over £11 million without impacting growth prospects. The company is also expanding its fixed income capabilities with an impending acquisition and remains focused on optimizing shareholder value through strategic capital allocation.
More about Impax Asset Management
Impax Asset Management Group plc is a specialist investor focused on the transition to a more sustainable economy. The company is listed on AIM and primarily manages assets under discretionary and advisory management, with a focus on sustainable investment strategies.
YTD Price Performance: -21.41%
Average Trading Volume: 771,639
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £222M
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