Impax Environmental Markets
 | |
| Type | Public |
|---|---|
| LSE: IEM | |
| Founded | 2002 |
| Headquarters | , |
Key people | Glen Suarez (Chairman) |
| Website | www |
Impax Environmental Markets is an investment trust focused on environmental companies in North America, Europe and Asia. It is listed on the London Stock Exchange.
History
[edit]The fund was established in January 2002.[1] It was named Best Environmental, Social, and Governance (ESG) Trust by ADVFN for 2020.[2] It was co-managed by Bruce Jenkyn-Jones and Charles French of Impax Asset Management Group until the former retired, leaving French in sole position, in April 2025.[3] The company holds regular continuation votes to confirm that shareholders wish it to continue in its current form, or to wind up.[4]
In June 2026, Saba Capital Management, after being dissatisfied with the company's performance (50% discount to net asset value),[5] forced the resignation of five directors and secured the appointment of five new directors.[6] The resignations included the chairman, Glen Suarez.[7]
References
[edit]- ↑ "Impax Environmental Markets". Investors Chronicle. Retrieved 26 November 2020.
- ↑ "ADVFN 2020 International Financial Awards". uk.advfn.com. Retrieved 4 October 2025.
- ↑ "Bruce Jenkyn-Jones calls time on 26-year Impax career". CityWire. 3 April 2025. Retrieved 14 August 2025.
- ↑ "Are you aware of your investment trust's continuation vote?". The Armchair Trader. 20 May 2025. Retrieved 14 August 2025.
- ↑ "Saba to takes control of second FTSE 250 board, eyes places at third". A. J. Bell. 17 June 2026. Retrieved 18 June 2026.
- ↑ "'The outcome has unfolded exactly as anticipated': Saba takes control of IEM". Portfolio Adviser. 18 June 2026. Retrieved 18 June 2026.
- ↑ "Glen Suarez". Francis Maude Associates. Retrieved 14 August 2025.