AXA Investment Managers Unveils New $1B Multi-Premia Fund

Apr 21 2017 | 9:04pm ET

AXA Investment Managers has debuted a new UCITS-compliant multi-premia strategy that will be managed by the firm’s new Hong Kong-based liquid alternatives team AXA IM Chorus.

The new fund, named the AXA WF Premia fund, will launch with initial assets of $1 billion, the company said in a statement. It will take a quantitative approach to gain exposure to a diversified set of premia strategies from which sources of performance can be harvested systematically, and will invest globally in liquid equity, interest rate, foreign exchange and credit instruments. 

Through premia selection, continuous research and combination, the strategy will deploy a liquid, diversified approach aimed at generating consistent risk adjusted returns uncorrelated to traditional asset classes, the company said. 

The strategy will be managed by Hector Chan and Jérôme Brochard, drawing on research from the AXA IM Chorus Research Lab, led by Augustin Landier, and software engineering from the AXA IM Chorus Technology team, led by Philippe Muller.

The new fund will become part of AXA IM’s SICAV domiciled in Luxembourg. It will be passported for sale in Austria, Belgium, France, Germany, Italy, Luxembourg, Netherlands, Portugal, Spain, Denmark, Sweden, Norway and Finland, while registration is ongoing in Switzerland and pending in the U.K.

AXA IM started Chorus last fall as part of big push into liquid absolute return strategies, recruiting Pierre-Emmanuel Juillard away from Goldman Sachs to lead the group and hiring some 22 staff for the effort.

Paris-based AXA IM managed more than €717 billion as at December 31, 2016 from 22 offices in 58countries. The company is part of the AXA Group, a global leader in financial protection and wealth management.

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