GLOBAL - Axa Investment Managers (Axa IM) has created a division to house all its structured and hedge fund businesses.
With operations in London, Paris, New York and Hong Kong, the new group, Structured Alternative Investment Management (SAIM), has total assets under management of around EUR12bn (£7.5bn) and employs 45 professionals.
Robert Kyprianou, head of SAIM, said: “We’ve been an early mover in offering structured products and hedge funds to our clients and have some excellent capabilities here.
“Now we want to ensure they get the focussed attention they deserve. In particular, we’ll be providing more targeted support for our sales teams as they distribute this specialist product range.”
Axa IM’s direct hedge fund strategies cater to the needs of fund of hedge funds, private banking networks and the larger global institutions.
“It was natural for us to bring together our hedge fund and structured businesses as we see enormous opportunities from ‘wrapping’ our hedge fund strategies in ‘structured solutions’ – whether those are collateralised debt obligations, guaranteed structures, portable alpha or cash enhanced,” said Kyprianou.
“At the same time, the insights we develop, for example, in our credit derivatives business, lead to arbitrage strategies which we can exploit in our hedge fund range.”
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