Company Profile icon Company Profile

Impax Asset Management

Head office:
London, UK
Assets Managed:
$20 Billion (2018-12-31)

Company Profile

Founded in 1998, Impax Asset Management Ltd. is an institutional asset manager with specialist expertise in the areas of resource efficiency and environmental markets. Their investment discipline is routed in a multidisciplinary team approach built out of an extensive global network of offices in New York, London, Hong Kong and Portland, Oregon.

Impax Asset Management is focused on emerging global investment opportunities in rapidly expanding sustainable investment markets.

Investment Approach

The Impax Asset Management investment approach is forward looking and based on a sustainable outlook for the global economy that centers around resource optimization. Powerful undercurrents of increasing populations, pollution and finite resources require optimal use of resources moving forward. This will drive long-term business innovation and global investment opportunities.

Impax employs a Growth at a Reasonable Price (GARP) bottom up stock selection process. It begins with a proprietary resource optimization screen of the sustainable global investment universe. Quantitative financial metrics scoring, qualitative business assessment and an integrated ESG process are all utilized to uncover global stocks with long-term intrinsic value. A robust 10 step due diligence analysis ensure s high conviction stocks that are positioned to benefit from the favorable policy environment and potential performance drivers, such as M&A activity. Top down macro views for sustainable sectors and sub-sectors direct portfolio weightings.

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Funds Managed icon Funds Managed

Name Lead Managers Inception Date Category Morningstar Profile
NEI Environmental Leaders Fund Hubert Aarts
Bruce Jenkyn-Jones
David Winborne
2016-01-11 Global Equity A F P PF

Lead Manager icon Lead Managers

Lead Manager Picture

Bruce Jenkyn-Jones

Co-Portfolio Manager

Mr. Bruce Jenkyn-Jones is a Co-Portfolio Manager for the NEI Environmental Leaders Fund and is a Managing Director and Head of the Listed Equity team overseeing Impax's listed equity strategies. Mr. Jenkyn-Jones is responsible for the development of the investment process, research and team development. He also has an active role in the day to day management of all Impax listed equity portfolios and serves as co-Portfolio Manager for Impax's Specialists, Leaders, Water and Global Opportunities strategies. He joined Impax in 1999 where he worked initially on venture capital investments before developing the listed equity business.

Before joining Impax, Mr. Jenkyn-Jones worked as a utilities analyst at Bankers Trust and as an environmental consultant for Environmental Resources Management (ERM). He has an MBA from IESE (Barcelona), an MSc in Environmental Technology from Imperial College and a degree in Chemistry from Oxford.

Lead Manager Picture

Hubert Aarts

Co-Portfolio Manager

Mr. Hubert Aarts is a Co-Portfolio Manager for the NEI Environmental Leaders Fund and is a Senior Portfolio Manager, Managing Director overseeing Impax's Leaders and Water Strategies. Mr. Aarts serves as co-Portfolio Manager for Impax's Leaders and Water Strategies and also leads Impax's macro-economic research process. He joined Impax in January 2007 and started his career in the investment industry in 1990. He has extensive experience investing in Pan-European equities as a portfolio manager at MeesPierson and Merrill Lynch Investment Managers, where he chaired the European Sector Strategy Group. Mr. Aarts joined Impax from Cambrian Capital Partners LLP where he was a partner and portfolio manager of the Curalium fund, and Incremental Leveraged hedge funds.

He has a Master's degree in Economics and Business Administration from Maastricht University.

Lead Manager Picture

David Winborne

Co-Portfolio Manager

David joined Impax in September 2015 as a senior portfolio manager on the listed equity team, and his responsibilities include co-management of the Impax Leaders and Global Opportunities strategies and the NEI Environmental Leaders Fund. He arrived from the in-house asset management team at Tesco Pension Investment, where he had joint responsibility for the successful development, launch and management of a new global equities investment platform. Prior to this, David was a fund manager at Sarasin & Partners, where he was responsible for the firm's Asia Pacific Equity fund and for contributing investment recommendations to Sarasin's flagship thematic Global Equity fund.

After graduating from the University of Bath, David began his career at Insight Investment on the Global Equities graduate scheme in 2003 as a global equity analyst.