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Impax Highlights AI Tech Rotation and Verizon Capex in Q2 Letter

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The Story

News Summary

  • Impax Asset Management released its Q2 investor letter, reporting fund outperformance against the Russell 1000.
  • The fund noted broader market rallies led by AI and tech rotation before pulling back.
  • It highlighted Verizon's resilience despite headwinds from subscriber churn and heavy infrastructure capex.
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