Impax Asset Management’s Ireland subsidiary has agreed to acquire the assets of Danish bond boutique Absalon Corporate Credit for an undisclosed sum, as the firm continues to develop its fixed income franchise.
The boutique, which is owned by Copenhagen-based asset manager Formuepleje Group, manages around £351m (€405m) of assets for European institutional investors and Danish high-net-worth individuals. Absalon runs two fixed income strategies in global high yield and emerging market corporate debt, launched in 2006 and 2010, respectively, and are available as both Luxembourg- and Danish-based funds. The team was established by Klaus Blaabjerg, who, along with three portfolio management colleagues, will join Impax as part of the acquisition. Each team member brings more than 15 years' expe...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
