Environment, social, governance fund investment manager

IMPAX Asset Management LLC has been awarded a contract by the New York Deferred Compensation Board to provide services over an eight-year period commencing March 1, 2026, and concluding February 28, 2034. The total contract value is $7.2 million. While specific service deliverables are not detailed in the available documentation, the contracting organization's mandate suggests the engagement likely involves asset management, investment advisory, or related fiduciary services in support of the state's deferred compensation plan for public employees.

The contract represents a significant commitment to external asset management expertise, with an implicit annual value of approximately $900,000 based on the cumulative contract amount divided across the performance period. Additional details regarding the precise scope of work, performance locations, specific investment strategies, or service level requirements would require supplementary contract documentation to provide comprehensive analysis of the engagement's operational parameters.