Impax AUM rises 44%

Impax Asset Management Group’s results for the year ended September 30 reveal a jump in revenues of 48% and in assets under management (AUM) of 44%.

As well as the £4.9m increase in revenues to £15.3m, AUM rose to £1.8 billion.

Profits before tax were boosted by the redemption of a loan note valued at £1m, which took the total to £5.2m, up from £2.5m in 2009. (article continues below)

Keith Falconer, the chairman of Impax, has attributed the recent success of environmental investment to government action on tackling pollution, energy security and the growth of clean technology sectors.