Impax Asset Management is looking at further acquisitions to bolster its fixed income and private markets capabilities, following the purchase of Absalon Corporate Credit and the European arm of SKY Harbor Capital Management earlier this year.
Addressing shareholders in its year-end results, Impax chief executive Ian Simm said the firm's priorities were centred on broadening the distribution of its listed equities offering and scaling up its fixed income and private markets propositions. "While we will primarily achieve this growth organically, we will consider smaller acquisitions on an opportunistic basis, particularly in the latter two asset classes," he said. Impax AM banks on acquisitions as outflows continue Simm added the private markets team is currently working on plans for raising the next fund in Impax's renew...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
