Impax Asset Management, a specialist asset manager investing in the climate transition, has entered into an agreement to acquire fixed income manager Absalon Corporate Credit. Currently part of the Copenhagen-based Formuepleje Group, Absalon has €405 million (US$443.5 million) in assets under management spread across two fixed income funds: Global High Yield and Emerging Market Corporate Debt. Following completion of the acquisition, Absalon’s portfolio managers will join Impax’s US-based fixed income team. “We are excited by the opportunity to join the Impax team and leverage the firm’s extensive resources dedicated to investing in the transition to a more sustainable economy,” said Klaus Blaabjerg, Managing Director at Absalon. “This is particularly important given that our funds are now categorised as Article 8 under the EU’s Sustainable Finance Disclosure Regulation.”
