Formerly | Axa Asset Management |
---|---|
Company type | Subsidiary |
Industry | Investment management |
Founded | 1997 |
Headquarters | |
Number of locations | 18 |
Area served | Worldwide |
Key people | Marco Morelli (Executive chairman) |
Products | Mutual Funds ETFs Quantitative funds Real Estate Structured Finance Hedge Funds |
AUM | €844 billion (December 2023) [1] |
Number of employees | 2,700 (December 2023) [1] |
Parent | Axa |
Website | www |
Axa Investment Managers (Axa IM) is a global investment management firm. It operates as the investment arm for Axa, a global insurance and reinsurance company.
In 1994, Axa created an investment management subsidiary under the name, Axa Asset Management. [2] It operated separately from the insurance business lines and was headed by Jean-Pierre Hellebuyck. [3]
In 1997, Henri de Castries launched AXA Investment Managers (Axa IM) which Axa Asset Management became a part of. [4] Donald Brydon was selected to be its chief executive officer. [5]
In 1996, Dominique Senequier joined Axa and founded the Axa Private equity platform. It operated under Axa IM until 2013 where it was spun off as a separate firm and renamed Ardian. [6] [7]
During 1999, Axa IM paid US$125 million for a controlling stake in the Rosenberg Group, an active quantitative global equity manager based in California. [8] It was renamed to "Rosenberg Equities" which now operates as the quantitative investment platform under Axa IM. In the same year, AXA Real Estate Investment Managers was also established. It was eventually renamed to the "Real Assets" platform. [9]
In 2002, Axa IM set up its Structure Finance division. [4]
In 2005, Axa IM purchased the investment firm, Framlington Group from HSBC Holdings and Comerica for US$342.5 million. [10] It was renamed to "Framlington Equities" which now operates as a long term equity active management platform under Axa IM.
In 2006, Axa IM established a joint venture with Shanghai Pudong Development Bank. The resulting joint venture was AXA SPDB Investment Managers Co., Ltd, which is based in China. [11]
In 2008, Axa IM set up a joint venture with Kyobo Life Insurance Company. The resulting joint venture was Kyobo AXA Investment Managers, which is based in South Korea. [12] [13]
In 2012, Axa IM established two joint ventures with Bank of India. They were BOI AXA Investment Managers Private Limited and BOI AXA Trustee Services Private Limited, which are based in India. [14]
During 2016, Axa IM set up Chorus, a hedge fund platform. In the same year, the Real Assets division acquired Sydney-based, Eureka Funds Management to expand its real assets' operation in the Asia-Pacific region. [15]
Axa Investment registered as a crypto service provider in France in March 2023, avoiding disruption to their services. [16] Bloomberg reported in August 2023 that Axa Investment Managers would be laying off around 90 positions out of its 2,600 employees it had as of the end of 2022. [17]
In April 2024, Axa IM acquired W Capital Partners, a private equity firm specializing on GP-led and secondary investments. [18]
In July 2024, it was reported that there were talks to merge Axa IM and BNP Paribas Asset Management into a joint venture between Axa and BNP Paribas which would have €1.4 trillion ($1.5 trillion) in assets under management. [19]
Axa IM has seven different investment platforms. They are:
At the end of March 2020, of Axa IM's AUM, around 40% was in Fixed Income, 29% Multi-Asset, 8% in Structured Finance, 12% in Real Assets and 7% in Equities. [20]
During 2020, Axa IM restructured its organization to create two main business units, Axa IM Alts and Axa IM Core. [21]
Axa IM Alts consists of the Real Assets, Structured Finance and Chorus investment platforms. At the end of 2020, it had €159 billion assets under management. [22]
Axa IM Core consists of the Framlington Equities, Rosenberg Equities, Fixed Income and Multi-Asset investment platforms. At the end of 2020, it had €559 billion assets under management. [22]
Axa IM has offices in 22 different country which cover Europe, Asia and North America.
The Carlyle Group Inc. is an American multinational private equity, alternative asset management and financial services corporation based in the United States with $426 billion of assets under management. It specializes in private equity, real assets, and private credit. It is one of the largest mega-funds in the world. In 2015, Carlyle was the world's largest private equity firm by capital raised over the previous five years, according to the PEI 300 index. In the 2024 ranking however, it had slipped to sixth place.
Private equity (PE) is capital stock in a private company that does not offer stock to the general public. In the field of finance, private equity is offered instead to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage, "private equity" can refer to these investment firms rather than the companies that they invest in.
Axa S.A. is a French multinational insurance company headquartered in the 8th arrondissement of Paris. It also provides investment management and other financial services as part of its subsidiaries. As of 2023, it is the largest financial services company by revenue in France, and the 4th largest French company.
AllianceBernstein Holding L.P.(AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors.
In finance, the private-equity secondary market refers to the buying and selling of pre-existing investor commitments to private-equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private-equity funds as well as hedge funds can be more complex and labor-intensive.
An alternative investment, also known as an alternative asset or alternative investment fund (AIF), is an investment in any asset class excluding capital stocks, bonds, and cash. The term is a relatively loose one and includes tangible assets such as precious metals, collectibles and some financial assets such as real estate, commodities, private equity, distressed securities, hedge funds, exchange funds, carbon credits, venture capital, film production, financial derivatives, cryptocurrencies, non-fungible tokens, and Tax Receivable Agreements. Investments in real estate, forestry and shipping are also often termed "alternative" despite the ancient use of such real assets to enhance and preserve wealth. Alternative investments are to be contrasted with traditional investments.
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital.
Shinhan Asset Management (Korean: 신한자산운용) is an asset management company headquartered in Seoul, South Korea. It is one of the largest asset management companies in South Korea, with US$55.6 billion of assets under management as of end of 2020. It is a subsidiary of the Shinhan Financial Group.
Amundi is a French asset management company. With €2 trillion of assets under management (AUM) at the end of 2021, it is the largest asset manager in Europe and one of the 10 biggest investment managers in the world.
Geojit Financial Services Ltd. is an investment services company in India headquartered in Kochi, Kerala. It operates a network of offices across India and the Middle East. Geojit was the first company in India to launch online-trading facilities, develop franchise models of sub-broking, form joint ventures in West Asia and the first to begin commodity futures trading in pepper, cardamom, gold and silver in India.
AMP Capital is a large global investment manager headquartered in Sydney, Australia. Its owner, AMP Group, was established in 1849, and is one of Australia's largest retail and corporate pension providers. AMP Capital has a strategic alliance with Mitsubishi UFJ Trust and Banking Corporation.
Dominique Senequier is a French businesswoman. She is president of Ardian, a private equity firm she founded in 1996.
Government Pension Investment Fund, or GPIF, is an incorporated administrative agency, established by the Japanese government. It is the largest pool of retirement savings in the world. Japan's GPIF is the largest public fund investor in Japan by assets and is a major proponent of the Stewardship Principles.
Ardian is a France-based, independent private equity investment company, founded and managed by Dominique Senequier. It is one of the largest European-headquartered private equity funds. The company was originally set up by Dominique Senequier in 1996 as the AXA Group's private equity division, but later gained independence in 2013, and rebranded itself as Ardian. The name Ardian (ar・di・an) was inspired by an ancient European language in which 'hardjan' mean strength, durability, and boldness. Ardian manages assets worth US$150 billion in Europe, North America and Asia, and has fifteen offices. The firm offers a funds of funds, direct funds, infrastructure, private debt and real estate, and manages a direct portfolio of more than 150 companies. Its fund of funds segments owns stakes in over 1500 funds. Ardian's 880 investors include institutional investors, funds of funds, government agencies, sovereign funds, family offices, pension funds and insurance companies). The firm has been ranked one of the largest companies by amount raised in equity by Private Equity International, and was named "Company of the Year" 2013 by the readers of Private Equity International.
Fabio Gallia was an Italian banker, manager and businessman.
Abrdn plc, formerly Standard Life Aberdeen plc, is a United Kingdom-based global investment company headquartered in Edinburgh, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Asset Management One Co., Ltd. (アセットマネジメントOne株式会社), abbreviated as AM-One, is a Japanese asset management company. It is a subsidiary of the Mizuho Financial Group and is one of the largest asset management companies in Asia. AM-One acts as one of the investment managers for the Government Pension Investment Fund and is the largest manager of Japanese public pension assets.
The Responsible Investment Brand Index (RIBI) is a scale to evaluate the global asset management industry on its ability to demonstrate its commitment to sustainable investment into their respective brands. The annual index was created in 2018 by Jean-Francois Hirschel and Markus Kramer.
IGIS Asset Management is a real estate investment firm headquartered in Seoul, South Korea. IGIS is South Korea's largest real estate asset manager. In 2022, IREI ranked IGIS as the second largest real estate manager in Asia based on assets under management.
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