Fidante Partners and Impax AM enter distribution deal
Fidante Partners and Impax Asset Management have announced a distribution partnership in Australia and New Zealand.
Specialist asset manager Impax had £30billion ($53.9billion) in assets under management and was the delegated investment manager of the BNP Paribas Environmental Equity Trust in Australia. This was expected to be rebranded under the Impax name and distributed by Fidante.
The fund was based on the Impax Leaders strategy, a global thematic strategy investing in companies that are developing solutions to resource challenges in four key areas: new energy; water; waste and resource recovery; and sustainable food, agriculture and forestry.
“Fidante is very well-positioned to support Impax’s future growth aspirations among institutional and wholesale clients in Australia and New Zealand. As a significant player in the market, Fidante’s focus on partnering with specialist asset managers matches our own position as a specialist manager focusing on the transition to a more sustainable economy,” Impax founder and chief executive officer Ian Simm said.
Global head of Fidante Partners, John Burke, said the strategic partnership would also reinforce Fidante’s commitment to environmental, social, governance (ESG).
“We seek to partner with investment managers who are committed to continuous progress in ESG integration. As demand for high-quality sustainable products continues to grow, we’re delighted to offer investors access to one of the pioneers in global sustainable investing.” Burke said.
AUTHOR
Oksana Patron
Recommended for you
Australian fund managers are actively seeking to launch Cayman versions of their funds to attract offshore flows, with Regal Partners set to launch its latest offering this month.
With an explosion of private credit managers appearing in the market, two alternatives experts believe a consolidation is needed to maintain the quality of the sector.
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
L1 Capital, which is in talks to merge with Platinum Asset Management, has indicated it will be voting against a deal to convert a Platinum LIC into an ETF.
