RCS - Impax Asset Mgmnt - Update on assets under management

Impax Asset ManagementAnnouncement

22/10/2024 09:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241022:nRSV0320Ja&default-theme=true

RNS Number : 0320J  Impax Asset Management Group plc  22 October 2024

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  (#_ftn1) 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                              +44 (0)20 3912 3000

 Paul French, Head of Communications                    +44 (0)20 3912 3032

 Montfort Communications

 Gay Collins                                            +44 (0)77 9862 6282

 Jack Roddan                                            +44 (0)78 2567 0695

 impax@montfort.london (mailto:impax@montfort.london)

 

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 employees(1) 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 (http://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
(http://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.

 

 1  (#_ftnref1) As of 30 June 2024

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAMBBMTMTMTTPI