Impax AM on acquisition trail as AUM steadies

Fixed income and private markets

Impax Asset Management is looking at further acquisitions to bolster its fixed income and private markets capabilities, following the purchase of Absalon Corporate Credit and the European arm of SKY Harbor Capital Management earlier this year.

Addressing shareholders in its year-end results, Impax chief executive Ian Simm said the firm's priorities were centred on broadening the distribution of its listed equities offering and scaling up its fixed income and private markets propositions. "While we will primarily achieve this growth organically, we will consider smaller acquisitions on an opportunistic basis, particularly in the latter two asset classes," he said. Impax AM banks on acquisitions as outflows continue Simm added the private markets team is currently working on plans for raising the next fund in Impax's renew...