Impax suffers net outflows despite strong performance

Focusing on fixed income

Impax Asset Management suffered net outflows over the last year, despite returning strong investment performance, the firm revealed in its annual results today (29 November).

In the year to 30 September, the firm saw £144m of outflows from listed equities, which was partially balanced by £2m of inflows into fixed income and £49m of inflows into private markets. Following the popularity of the firm's fixed income offerings during the period, Impax said it had "identified a particular opportunity" in that space and as a result, had made "strategic hires" into that team. "We are reviewing opportunities to source additional fixed income capabilities and will provide an update in due course," it said. The firm's Environmental Markets strategies suffered larg...