AXA Investment Managers today said its fund of hedge funds assets rose to US$5.7 billion and that the funds that have benefited most from recent inflows include its flagship Axa Alternative Premium Fund.

The firm also said investors continue to benefit from its stable investment base of insurance capital from the Axa Group, which allows the fund of hedge funds team to access a wide range of best of breed hedge fund managers.

“Despite the world economy facing a number of issues, with global banks heavily affected by their mortgage and credit exposure, U.S. house prices in steep decline and inflation creeping up across the board, particularly in emerging markets, there are still good opportunities within the hedge funds sector,” said global head of funds of hedge funds Christoph Manser. “Our current liquidity enables us to seek out strategies that can take advantage of higher volatility and higher dispersion.”

AXA Investment, part of the Axa insurance and wealth management group, currently employs more than 3,000 people in 21 countries.