The latest announcement is out from Impax Asset Management ( (GB:IPX) ).
Impax Asset Management reported a decline in its assets under management (AUM) to £28.5 billion as of February 2025, primarily due to the loss of a significant mandate. Despite this, 69% of its AUM outperformed benchmarks since January, and the company is seeing increased client interest and improving fund inflows. In response to the AUM contraction, 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 upcoming acquisition, positioning itself to capitalize on the growing interest in sustainable investments.
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 the AIM and is involved in managing assets under discretionary and advisory management.
YTD Price Performance: -21.41%
Average Trading Volume: 771,639
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £222M
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