Axa IM

Assets on AXA Wealth's Elevate platform rose 31% to £8.4bn in the first half of the year, as the wider business approached break-even point.

Gemma Game, manager of the £380m AXA Framlington Health fund, has resigned from the group, Investment Week can reveal.

AXA Investment Managers took in €12bn (£10.2bn) in net flows last year, well up on the €3bn taken in 2012, thanks to Framlington and its fixed income teams.

AXA Investment Managers has opened up 54 funds in its AXA World Funds Range to UK retail investors.

Fixed income managers are cutting back on duration after the risk-off environment seen at the start of 2014 pushed up government bond prices once again.

Nicolas Trindade, manager of the AXA Sterling Credit Short Duration Bond fund, has been using in-house resources in a bid to diversify his floating rate note exposure.

Theo Zemek is to exit AXA Investment Managers, handing over her responsibilities to new hire John Porter.

SPECIAL REPORT

US equities can benefit from the end of QE and post an annualised return of 10% by end-2014, according to AXA IM head of research Eric Chaney.

AXA Investment Managers' CEO Dominique Carrel-Billiard is to leave the company, with the head of AXA's Itlaian insurance business Andrea Rossi to take over.