Axa IM launches fixed term European high yield bond fund
Axa Investment Managers has launched a fixed term bond fund that invests primarily in European corporate high yield debt securities.
Axa Investment Managers has launched a fixed term bond fund that invests primarily in European corporate high yield debt securities.
French insurer Axa said revenues crossed the €100bn (£84bn, $105bn) mark for the first time in the company’s history as chief executive Thomas Buberl distanced himself from a bid for Generali’s German life insurance business.
It was announced on Thursday that Snap, owner of Snapchat, has been valued at $22.2bn (£17.8bn, €20.9bn) ahead of its IPO next month, but could the secret to technology investments be in finding the ‘hidden’ technologies propping up the household names?
Senior appointments were the name of the game this week with Sarasin & Partners appointing a head of distribution, Natixis Global Asset Management replacing its chief executive, and newly rebranded Tilney Group hiring a chief investment officer.
Axa Investment Managers has launched a Luxembourg-domiciled global fund focussing on robotics and automation systems, following an active, unconstrained, multi-cap, strategy.
After 10 years with the business, the chief executive of Axa Global Asset Management has announced she is stepping down. James Hambro & Partners has made three senior staff members partners of the business, with Fidelity International handing five multi-asset open range funds to a new portfolio manager.
Closed book provider Phoenix has said integrating the recently-bought pensions and protection businesses from Axa has generated more than £117m (€135m, $143m) in cash.
The chief executive of Aegon Central & Eastern Europe is to retire in 2017, with the Dutch insurer announcing additional senior leadership changes. First Names Group has a new managing director of its Singapore business, while Amundi has appointed a deputy director to oversee the merger with Pioneer Investments.
Insurance giant Axa is to introduce a global parental leave policy for its 166,000 employees across 64 countries.
The Financial Stability Board has named Aegon, Aviva, and Axa among nine global insurance firms identified as systemically important financial institutions (SIFI).
Standard Life has confirmed that Elevate will continue as a distinct platform after months of speculation that it could be combined with the investment firm’s Wrap proposition.
Insurance giant Axa is set to merge its life and general insurance businesses in Singapore.