{"id":16450,"date":"2017-10-23T23:39:02","date_gmt":"2017-10-24T03:39:02","guid":{"rendered":"https:\/\/test.greenmoney.com\/2025\/?p=16450"},"modified":"2018-03-07T22:49:03","modified_gmt":"2018-03-08T03:49:03","slug":"pax-world-management-agrees-to-be-acquired-by-impax-asset-management-group-plc","status":"publish","type":"post","link":"https:\/\/test.greenmoney.com\/2025\/pax-world-management-agrees-to-be-acquired-by-impax-asset-management-group-plc\/","title":{"rendered":"Pax World Management Agrees to be Acquired by IMPAX Asset Management Group PLC"},"content":{"rendered":"<div class=\"landing-links\"><a href=\"https:\/\/test.greenmoney.com\/2025\/november-2017\"> &gt;&gt; Back to November 2017 Issue<\/a><\/div>\n<p><em>Combination of Sustainable Investment Leaders Will Significantly Expand their Investment Management, Global Research and Client Service Capabilities <\/em><\/p>\n<p>Pax World Management LLC (Pax), investment adviser to Pax World Funds and a pioneer in the field of sustainable investing with approximately $4.5 billion<span class=\"foot-small\">[1]<\/span> in assets under management (AUM), announced in September 2017 that it has entered an agreement to be acquired by Impax Asset Management Group plc (Impax), subject to approval of the investment advisory agreement by the trustees and shareholders of Pax World Funds.<\/p>\n<p>Impax, a UK-based firm with approximately $9.4 billion in AUM<span class=\"foot-small\">[1]<\/span>, is a leading independent investment manager specializing in opportunities arising from the transition to a more sustainable global economy. Impax and Pax partnered in 2007 to design and manage the Pax Global Environmental Markets Fund (PGRNX), which was launched in 2008 and today has over $500 million in assets.<\/p>\n<p><!-- \/212189234\/inarticle --><\/p>\n<div id='div-gpt-ad-1622053269469-0' class=\"ad-float-left\" style=\"height: 250px; width: 300px;\"><script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1622053269469-0'); });\n<\/script><\/div>\n<p>The transaction will create a combined investment management firm with $13.4 billion in AUM<span class=\"foot-small\">[2]<\/span> and significantly expanded investment management, research and client service capabilities. Both firms have a heritage as pioneers in sustainable investing and share similar corporate cultures and values.<\/p>\n<p>The strategic rationale for the combination is supported by highly complementary areas of investment management expertise, together with strong product and geographic fit. This will allow the expanded group to offer enhanced resources and services to Pax&#8217;s and Impax\u2019s existing and prospective shareholders and clients.<\/p>\n<p>Under the terms of the transaction, Pax will be renamed Impax Investment Management (US) LLC and will continue to manage Pax World Funds, which will retain their name, as the U.S.-based mutual fund division of Impax\u2019s global business. Joe Keefe, Pax\u2019s President &amp; Chief Executive Officer, will continue to lead the renamed company, reporting to Ian Simm, Impax\u2019s Chief Executive, and will also be named to Impax Asset Management Ltd\u2019s board. Mr. Keefe, together with other members of Pax\u2019s management and senior staff, have agreed to enter new employment agreements, ensuring Pax\u2019s continued strength and stability.<\/p>\n<p><em>\u201cThis is an exciting new chapter in our decade-long partnership with Impax. We believe that combining our two firms will create a leading sustainable investment manager with business on both sides of the Atlantic,&#8221;<\/em> said Pax CEO Joe Keefe. <em>&#8220;Pax World Funds\u2019 shareholders stand to benefit in significant ways from our increased scale, research and investment capabilities as we seek to deliver a more robust investment and distribution platform for the global market.\u201d<\/em><\/p>\n<p><em>\u201cI am delighted that, after a decade of successfully partnering to design, launch and manage the Pax Global Environmental Markets Fund, the Impax and Pax teams will be joining forces,\u201d<\/em> said Impax Founder and Chief Executive Ian Simm. <em>\u201cLike Impax, Pax has a long track record as a pioneer in sustainable investing and a strong team of highly experienced investment management and support staff. The combined group will start with closely aligned business cultures and be well placed to offer a broader service and more diversified range of products to existing and future clients.\u201d<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><strong><em>Article Notes<\/em><\/strong><\/p>\n<p><em>[1] As of August 31, 2017 <\/em><\/p>\n<div><\/div>\n<p>[2] Net consolidated AUM (not double counting AUM of Pax Global Environmental Markets Fund)<\/p>\n<div><\/div>\n<p><em>You should consider a fund\u2019s investment objectives, risks, and charges and expenses carefully before investing. For this and other information, call 800.767.1729 or visit <a href=\"http:\/\/www.paxworld.com\"><em>www.paxworld.com<\/em><\/a> for a fund prospectus and read it carefully before investing.<\/em><\/p>\n<div><\/div>\n<p><em>Pax World Funds distributed by ALPS Distributors, Inc. ALPS Distributors, Inc. is not the distributor of Pax World\u2019s Separately Managed Accounts. ALPS Distributors, Inc. is not affiliated with Pax World Management or with Impax Asset Management.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&gt;&gt; Back to November 2017 Issue Combination of Sustainable Investment Leaders Will Significantly Expand their Investment Management, Global Research and Client Service Capabilities Pax World Management LLC (Pax), investment adviser to Pax World Funds and a pioneer in the field of sustainable investing with approximately $4.5 billion[1] in assets under management (AUM), announced in September [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[143],"tags":[125,136],"class_list":["post-16450","post","type-post","status-publish","format-standard","hentry","category-november-2017-2","tag-additional-articles","tag-impact-investing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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