Impax AM sees continued inflows despite tough market environment

Karen Cockburn new CFO

Impax Asset Management Group has seen has continued net inflows totalling 2022 of £2.9bn, although this is a sharp decrease from 2021’s strong figures of £10.7bn.

In the firm's annual results, it reported that by 30 September, Impax's assets under management had decreased 4.1% since the year before, from £37.2bn to £35.7bn. However, as of 31 October its AUM had recovered to £37.4bn. Around 79% of the firm's AUM came from clients outside the UK, which it said reflected "global diversification". Deep Dive: Renewables key to 'plug the chasm' in energy transition Its revenue increased 22.6% to £175.4m, while the firm's profit before tax grew by 58.6% from last year, to £72.6m. Chair Sally Bridgeland noted that after Impax adopted a policy in ...