Impax AUM rise on 'resurged interest' in environmental markets

Profits also up on 2014

Impax Asset Management has reported robust assets under management and a rise in profits for the year to 30 September 2015, as it said investor appetite for products exposed to environmental markets remained high despite recent headwinds.

Bucking the recent trend for falling AUM among asset managers, the firm said AUM had grown, albeit marginally, from £2.75bn on 30 September 2014 to £2.82bn a year later, following net inflows of £77m. However, this figure rose to £3bn by 31 October 2015 as a result of a further £67m net inflows over the month. The rise comes despite a US private bank, that had held an account with the firm since 2013, pulling assets of $208m, and volatile markets across the world. Impax to relaunch Leaders strategy as standalone fund Ian Simm (pictured), the group's chief executive, said: "Faced ...