Fidante Partners and Impax Asset Management agree distribution partnership in Australia and New Zealand
Sydney, 14 April 2021 – Fidante Partners (Fidante) has welcomed global sustainability specialists Impax Asset Management (Impax) to its stable of strategic partners, signing on as distribution partner for Impax in Australia and New Zealand.
Founded in 1998, Impax is a specialist asset manager, with approximately £30.0 billion (as of 31 March 2021) in both listed and private market strategies, investing in the opportunities arising from the transition to a more sustainable global economy.
Impax Founder and CEO Ian Simm said Impax was drawn to Fidante as one of Australia’s leading investment management firms. “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.”
In Australia, Impax are the delegated investment manager of the BNP Paribas Environmental Equity Trust, an Australian registered unit trust (Fund). The Fund is based on the Impax Leaders strategy, a global thematic strategy investing in companies that are developing innovative solutions to resource challenges in four key areas: new energy; water; waste and resource recovery; and sustainable food, agriculture and forestry. It is planned that the Fund will be rebranded under the Impax name and distributed by Fidante.
Global Head of Fidante Partners John Burke said: “Fidante is excited to be partnering with such a high-quality manager to bring world-class investment capability to the local Australian market. Impax’s approach focuses on the transition to a more sustainable economy, which it has been doing throughout its corporate history spanning over 20 years. This, combined with its exceptional management team and thought leadership, makes the Firm a clear market leader globally.”
The strategic partnership reinforces Fidante’s commitment to 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.
Founded in 1998, Impax is a specialist asset manager, with approximately £30.0 billion (as of 31 March 2021) in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.
Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.
The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.
Impax has ca. 190 staff across six offices in the United Kingdom, the United States, Ireland and Hong Kong, making it one of the investment management sector’s largest investment teams dedicated to sustainable development.
ABOUT FIDANTE PARTNERS
Fidante Partners forms long term alliances with talented investment teams to support and grow specialist investment management businesses. Through these strategic partnerships, we’re able to provide investors with some of the world’s most compelling investment strategies. As at 31 December 2020, Fidante Partners had approximately A$71.8 billion of funds under management. Fidante Partners is part of Challenger Limited (ASX:CGF).