Asset Management

SJP terminates Impax from £5.2bn sustainability fund

Move will result in a £12.7m annual hit to the sustainable investment group’s revenue

The London-based asset manager’s share price took a hit Manuel Romano/NurPhoto via Getty Images
The London-based asset manager’s share price took a hit Manuel Romano/NurPhoto via Getty Images

St James’s Place has booted Impax Asset Management off a £5.2bn responsible equity fund, severing ties with the sustainable investment group.

Impax, which has £37.2bn in assets, announced it had been terminated from the SJP Sustainable & Responsible Equity fund in a regulatory filing on 13 December.

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