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AXA IM To Float FOHF Series

AXA Investment Managers is looking to roll out a series of funds of hedge funds.

AXA Investment Managers (AXA IM) is looking to roll out a series of funds of hedge funds (FOHFs), Reuters reports. A unit of French insurance group AXA, AXA IM plans to float a fund early next year employing its Tail Hedge strategy and externally marketing it.

AXA IM’s Tail Hedge strategy already manages money from some institutional investors. The FOHF will also seek profits during volatile periods and subsequently invest into funds which can be protected in other market sectors at lower prices.

Click here for the story from Reuters.

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