POWERED BY MOMENTUM MEDIA
AXA IM, AXA Rosenberg outside of AMP proposal
AXA Investment Managers (AXA IM) and AXA Rosenberg have made reassurances they are committed to the Australian market amid negotiations over AMP’s proposed takeover of AXA Asia Pacific.
A statement from the groups said, “If successfully executed, the transaction proposed by AXA and AMP would have no impact on AXA IM and AXA Rosenberg’s operations in Australia and New Zealand”.
“AXA IM and AXA Rosenberg are not a part of AXA [Asia Pacific] and are completely outside the scope of this transaction.”
AXA IM chief Dominique Carrel-Billiard said the group would continue to develop its presence in what it called a “particularly sophisticated asset management industry”.
The group said it had managed mandates for Australian clients through AXA Rosenberg since 2003, while opening an AXA IM office in Sydney in 2007.
AUTHOR
Mike Taylor
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
