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December 09, 2002 at 07:00 PM
LONDON (HedgeWorld.com)–AXA Investment Managers launched two new hedge funds under a Dublin-domiciled umbrella investment fund.
AXA Vega and AXA Vectris II are the new funds, which are managed within an Irish qualified investment fund called AXA Alternative Investments, said Antoine Josserand, director of AXA’s structured and alternative investment managers division. Vega is a convertible arbitrage fund, and Vectris II is a statistical arbitrage fund, Mr. Josserand said.
AXA is likely to launch additional funds under the umbrella, with a credit arbitrage related fund a possibility, he said.
The two investment approaches have strong track records through French versions of the funds, he said. The investment minimum is 250,000 euro, while fees are 1.5% annually and 20% of profits.
