Impax boosts AUM to £10bn with US boutique acquisition

Decade-long relationship with firm

Laura Dew
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 Impax has entered into agreement to acquire Pax World Management
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Impax has entered into agreement to acquire Pax World Management

Impax Asset Management Group has entered into agreement to acquire American asset manager Pax World Management, creating a group with combined AUM of £10.3bn.

US-based Pax was founded in 1971 and has £3.4bn in assets under management. It offers investors a range of active and passive equity and fixed income products. Impax said the investment capabilities...

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