AXA Investment Managers has rolled out a fund of regulated hedge funds, Reuters reports. The AXA World Fund Multi Alpha will invest in single-strategy Ucits III hedge funds.
The new Luxembourg-domiciled vehicle was seeded with $28.6 million from AXA. The fund has allocated 40-50% of its assets in long-short equity funds, 35% in global macro and managed futures, 15 to 20% in event-driven and credit funds and 10% in computer-driven market-neutral funds.
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