UK - Axa Investment Managers is looking to create its own multi-manager funds aimed at institutional investors.
New chief executive Nicolas Moreau has indicated that he wants to expand Axa IM’s multi-manager product offerings to incorporate institutional funds as well as the current retail ones it offers.
A spokeswoman for Axa IM said: “We have no firm plans to offer an institutional multi-manager product. However, multi-management is an established activity for Axa IM, and we will continue to evaluate carefully all potential development opportunities.”
In another development Moreau has revealed that Axa IM is also considering buying property holdings from pension funds.
But the Axa IM spokeswoman added that property was not its primary focus and that it had no immediate plans to extend its long-established institutional property fund. Axa IM, she explained, would continue to focus on its core business of fixed income and equities.
By Paul Sanderson
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.