Impax AUM jumps to record £20.2bn on 'high levels of net inflows'

Positive market movement adds £1.4bn in Q4

Impax Asset Management has reported assets under management reached a record high of £20.2bn at the end of September, up 34% over the year, boosted by an 11.4% increase in AUM in the fourth quarter.

The specialist asset manager saw net inflows of £654m in the three months to 30 September, while market movement, FX and performance added another £1.4bn. Total AUM increased from £18.1bn at 30 June 2020, the company reported. Impax appoints former Hermes EOS co-head as senior client director Chief executive Ian Simm (pictured) said: "The Covid-19 pandemic has created a tragedy of exceptional proportions and has significantly impaired all economies around the world.  "Although markets have been volatile, Impax's investment performance has remained strong, and the company has att...