Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Impax wins Queen’s award

Impax wins Queen’s award

Impax Asset Management has received a Queen's Award for enterprise in sustainable development.

Impax was one of the first asset managers to create funds investing in environmental markets.

In 1999 it launched the world’s first environmental technology index (ET50) and three years later launched the Impax Environmental Markets investment trust, which now controls £388 million. The net asset value of the trust has risen by an average of 9.9% annually over the last 10 years, versus the average 8% increase in the MSCI All Countries World Index.

Impax now employs 60 people and manages more than £2.5 billion. It has also established offices in Hong Kong, New York, Washington and most recently, Portland, Oregon.

‘Impax chief executive Ian Simm (pictured) said in a statement: ‘We are honoured to receive a Queen’s Award for Enterprise. This award recognises Impax’s specialist focus, deep expertise and pioneering role since 1998 in supporting the expansion of companies and projects that are contributing to the development of a more sustainable society.’

He added: ‘With investments in a wide range of both publicly listed and privately held companies, we have provided our client base of 25 pension funds and 50 other major investors with exposure to rapidly expanding markets in energy efficiency, renewable power, water supply and treatment, waste management, and food and agriculture.'

‘By backing the most promising companies in these areas, we have been able to demonstrate to many of the world’s largest asset owners that investment in markets supported by sustainable development is fully competitive with investment in other areas.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: what's behind the second oil crash?

Brewin's Gutteridge: what's behind the second oil crash?

This week Brewin Dolphin's research head talks to Will Riley, co-manager of the Guinness Global Energy fund, about what next for oil.  

Play AA-rated Bullas: what drove my UK small cap outperformance

AA-rated Bullas: what drove my UK small cap outperformance

AA-rated Richard Bullas has quietly been making a name for himself at the helm of the Franklin UK Smaller Companies fund.

Play Sector spotlight: how Harwood's Philbin is playing emerging markets

Sector spotlight: how Harwood's Philbin is playing emerging markets

Emerging markets have been a rollercoaster for investors, but amid the doom there have been have been bright spots, such as India. 

Your Business: Cover Star Club

Profile: CHI's bond supremo on liquidity and bond risk management

Profile: CHI's bond supremo on liquidity and bond risk management

'Some people have been extremely complacent about rate rise risk. Myself, I wish they would just get on with it.'

Wealth Manager on Twitter