Impax awarded EUR79m sustainable segregated account mandate from Quaestio
Quaestio Capital Management (Quaestio), an Italian investment firm managing multi-asset, multi-manager portfolios for institutional clients, has awarded Impax Asset Management a EUR79 million segregated account mandate.
Quaestio initially awarded Impax EUR68.7 million and subsequently allocated the group an additional EUR10 million.
Impax will run this segregated account using the same process as the Impax Global Opportunities Strategy (GO). Quaestio selected Impax’s Global Opportunities Strategy based on how Impax integrates ESG into the investment process. The Impax Global Opportunities strategy seeks to achieve long-term capital growth through investment in companies with sustainable competitive advantages and track records of consistent returns on investment, where the portfolio managers believe that these characteristics are not reflected in the share price. GO utilises the proprietary Impax Sustainability Lens to identify durable companies best positioned to seize these opportunities and mitigate these risks. The investment process includes a strong focus on the risks arising from the transition to a more sustainable global economy, whilst seeking to harness the opportunities that it presents.
Rachel Greenway, Director, Business Development, Impax Asset Management, says: “We are honoured to have been awarded this mandate, which is testament to Impax’s unique approach, the investment philosophy of the Global Opportunities Strategy, and our rigorous ESG analysis. Five years ago, we decided to launch the GO strategy because, as the global economy shifts to become more sustainable, the set of related investment opportunities is expanding rapidly.”
Christian Prinoth, Chief Investment Officer, Quaestio Capital Management, says: “Impax is well recognised worldwide for its expertise in understanding investment opportunities arising from the transition to a more sustainable economy. ESG-analysis is clearly an integral part of the Impax investment process, and we wanted to offer our clients access to that.”