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:
|
Impax Asset Management Group plc
Ian Simm, Chief Executive
Paul French, Head of
Communications
|
+44 (0)20 3912 3000
+44 (0)20 3912 3032
|
|
Montfort Communications
Gay Collins
Jack Roddan
impax@montfort.london
|
+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.
www.impaxam.com
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.
