Impax AUM tops £6bn

AUM jumps 27%

Impax Asset Management recorded net inflows of £870m for the six months to 31 March with Ian Simm, CEO of Impax, pointing to "sustained interest" in the group's strategies from several countries.

The environmental investment specialist also saw its assets under management increase 27% to £5.7bn up from £4.5bn at the end of September 2016, and also reported it had topped £6bn on 30 April 2017. Net flows were predominantly into the groups listed equity funds, while private equity funds also saw interest. Operating earnings were reported at £3.2m, compared to £1.6m in H1 last year. The company's profits before tax also increased to £2.4m, up from £2.1m last year while revenue climbed from £9.4m to £13.9m for the same period. Impax sees AUM jump 59% in 12 months Simm sa...