GLOBAL - AXA Investment Managers (AXA IM) has restructured its credit research capabilities into four global industry sectors on the back of strong growth in its fixed income business.
AXA IM said it had implemented a new credit research platform to complement the development in its core business, with analysts based across Paris, London, Singapore, Minneapolis and Greenwich, USA.
AXA’s credit research team of 19 will be organised into four global industry sector teams - industrials, consumer, financial institutions and high yield.
The firm said four sector heads would be appointed, with responsibility for ensuring global coherence and filtering real-time investment ideas to portfolio managers around the world.
“Research remains at the heart of our fixed income investment process,” said Robert Kyprianou, global head of securities investment management. “We believe value can be identified more easily in the global context and have developed this multi-strategy platform to complement this view.”
Elissar Boujaoude, head of credit research will take up a new position when she returns from sabbatical at year-end. Cynthia Voorhees, managing director of credit research at AXA IM Principal Global Investors has been appointed as her replacement, reporting to Vincent Cornet, global fixed income CIO.
AXA’s has e194bn in fixed income assets under management.
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.