Update on assets under management
Impax Asset Management Group plc
("Impax" or the "Company")
Update on assets under management
London, 22 October 2024 - Impax Asset Management Group plc announces that it has received a notice from St. James's Place Unit Trust Group Limited ("SJP") of termination of Impax's mandate to manage a portion of the St. James's Place Global Quality Unit Trust (the "GQT"), a multi-manager fund that is subject to asset allocation decisions by SJP (the "Mandate"). The termination is expected to take effect in early November.
The Mandate is the smaller of the two mandates that Impax has with SJP and, with £774 million of assets under management ("AUM"),[1] represents around 13% of the total AUM that Impax manages on behalf of SJP. The impact on Impax's annualized revenue is expected to be very modest.
Impax continues to manage the much larger portfolio, the Sustainable & Responsible Equity Fund, on a sole basis on behalf of SJP. St. James's Place concluded that the Sustainable & Responsible Equity Fund "delivered value overall" to clients in its recently published Annual Value Assessment statement.
- Ends -
Enquiries:
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Impax Asset Management Group plc Ian Simm, Chief Executive Paul French, Head of Communications
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+44 (0)20 3912 3000 +44 (0)20 3912 3032 |
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Montfort Communications Gay Collins Jack Roddan
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+44 (0)77 9862 6282 +44 (0)78 2567 0695 |
About Impax Asset Management
Founded in 1998, Impax is a specialist asset manager, with approximately £37.2 billion of 30 September 2024 in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.
Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.
The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.
Impax has approximately 310 employees1 across its offices in the United Kingdom, the United States, Ireland, Denmark, Hong Kong and Japan making it one of the investment management sector's largest investment teams dedicated to sustainable development.
1 Full-time equivalent
Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on the Alternative Investment Market of the London Stock Exchange. Impax Asset Management Group plc is registered in England & Wales, number 03262305. AUM relates to Impax Asset Management Limited, Impax Asset Management (AIFM) Limited, Impax Asset Management Ireland Limited and Impax Asset Management LLC. Impax Asset Management Limited and Impax Asset Management (AIFM) Limited are authorised and regulated by the Financial Conduct Authority and are wholly owned subsidiaries of Impax Asset Management Group plc. Please note that the information provided on www.impaxam.com and links from it should not be relied upon for investment purposes.
Impax is trademark of Impax Asset Management Group Plc. Impax is a registered trademark in the UK, EU, US, Hong Kong, Canada, Japan and Australia. © Impax Asset Management LLC, Impax Asset Management Limited and/or Impax Asset Management (Ireland) Limited. All rights reserved.
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