Paris-headquartered Axa Investment Managers (AXA IM) has launched a multi-premia strategy that will be managed by AXA IM’s recently built liquid absolute return team based in Hong Kong, AXA IM Chorus.
Initial assets under management of the fund amount to $1bn. The strategy is managed by Hector Chan and Jérôme Brochard, supported by AXA IM Chorus Research Lab, led by Augustin Landier, and AXA IM Chorus Technology team, led by Philippe Muller.
The strategy relies on a quantitative approach that provides exposure to a diversified set of premia strategies. It invests globally in liquid equity, interest rate, foreign exchange and credit instruments.
Through premia selection, continuous research and combination, the strategy deploys a liquid, diversified approach seeking to offer investors consistent risk adjusted returns that are uncorrelated to traditional asset classes.
Pierre-Emmanuel Juillard, managing director of AXA IM Chorus, commented: “We’ve built a strong team over the last 12 months bringing together an exciting mix of top industry talent. Over the period, our original group of eight founders has been extended to a team of 22 investment professionals. Our aim is to deliver attractive, liquid and transparent risk-adjusted performance to clients with this new strategy.”
Christophe Coquema, global head of Client Group at AXA IM, said: “Adding an absolute return strategy team to our asset management capabilities and offering to clients demonstrates our continued investment in our business and push for innovation as we recognise that market conditions are changing rapidly and so are our client needs. We believe that the liquid absolute returns space is highly relevant for investors today who are searching for a liquid solution in their continued hunt for yield.”
AXA IM had around €717bn in assets under management as of end December 2016.