Asset Management

St James’s Place axes Impax mandate as short-sellers circle

UK’s largest wealth manager cuts ties as JPMorgan and GLG boost bets against the sustainable investor amid heavy outflows

The Leicester Square-based ESG specialist is coming under increasing pressure
The Leicester Square-based ESG specialist is coming under increasing pressure Photo: Getty Images

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St James’s Place has booted Impax Asset Management off its global equities mandate, resulting in a £774m hit to the sustainable investment group.

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