Impax Asset Management (GB:IPX) has released an update.
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Impax Asset Management Group plc, a company dedicated to investments in the sustainable economy sector, reported a 6.8% decline in their assets under management (AUM) to £36.9 billion in Q3. Despite negative net flows, particularly in the wholesale channel, the company maintains a robust pipeline for potential new business. Impax also announced strategic acquisitions to bolster its fixed income capability, with expectations of managing US$4 billion in fixed income assets post-transactions.
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