AXA Framlington Launches Global Long/Short Fund

Feb 27 2007 | 1:14pm ET

U.K.-based retail asset management firm AXA Framlington has hired Mark Tinker, former head of debt and equity strategy in the investment banking division at Commerzbank, as a fund manager.  With Tinker, Framlington plans to launch a global long/short hedge fund and a long-only global stocks fund within a few months.

“He’s been a strategist for 20 years and has a very strong track record on the sell side, and what we’re trying to do is draw a global long/short fund out of his top-down and thematic thinking,” Matthew Lovatt, AXA’s head of absolute return products, told FINalternatives. “The fund will be fairly concentrated at the top-down level but diversified at the stock level.”

AXA is banking on Tinker’s ideas and is not fazed by his lack of short selling and asset management experience. “We have a group of people here with experience in the hedge fund business who are helping him implement and run a portfolio based on his ideas. There’s a good partnership here between our alternatives business and Mark Tinker the man,” said Lovatt.

However, Lovatt concedes that Tinker will have to prove himself by putting his ideas to work. “Everyone’s clear that he’s got all the ideas but he’s got to prove himself as a manager,” he said. He added that the new hedge fund would launch sometime before June with approximately $10 million in initial equity.

AXA is no stranger to the hedge fund space.  It launched a U.K. long/short fund in December 2004, with George Luckraft serving as portfolio manager, as well as a U.K. small-cap long/short fund last year with Roger Whiteoak in the same capacity. 

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