Impax sees AUM jump 59% in 12 months

Over financial year 2015/2016

Impax Asset Management has seen its assets under management rise 59% during its financial year 2015/2016 to reach £4.5bn, despite a difficult economic backdrop.

The firm grew its assets by 12% during the third quarter, with net inflows of £84m and £410m of contributions from market movements and performance. The majority of inflows came from third-party listed equity funds and accounts (£91m), while Impax label listed equity funds saw moderate outflows of £7m. Over the financial year starting 1 October 2015, the firm increased its assets by 59%, having seen net inflows of £496m and £1.2bn in contributions from market movements and performance. Impax AUM rise on 'resurged interest' in environmental markets Ian Simms (pictured), chief exe...