Impax sees 5.9% AUM growth despite £2.7bn net outflows
Some £4.9m of AUM came from investment performance, market movement and foreign exchange
Some £4.9m of AUM came from investment performance, market movement and foreign exchange
Review of appointed representative firms to commence shortly
Value team’s assets shrunk from £8.5bn to £7.5bn over three months to the end of March
Gross outflows remained ‘elevated’ due to challenging macroeconomic backdrop
Some £4bn of investors’ money left the firm’s UK retail funds and managed portfolio services
Assets under management stand at £17.6bn
Net client flows reached £1.1bn
Comes amid half-year company results
However, International arm of the business is undergoing strategic review
Adjusted operating profit in the investments arm of the business shrunk by 62% in 2023
Key events for UK wealth managers for the week starting 26 February
New CEO Mark FitzPatrick will review ‘all elements of the business’ as he plans for 2030