Reuters – AXA Investment Managers (AXA IM) is planning to launch a series of funds of hedge funds that it hopes can protect investors from shock market events and longer-term market trends, after a volatile summer in which such funds have reaped bumper returns.
Francisco Arcilla, who heads AXA IM’s 4 billion euro ($5.5 billion) fund of hedge funds unit, told Reuters the firm plans to launch a fund early next year based on its Tail Hedge strategy — which currently runs money from a couple of institutional investors — and market it externally.
