Axa IM unveils liquid absolute return investment team

Business-People-Portfolio-Hire-Appointment-700x450.jpgAXA Investment Managers has revealed a raft of hires for AXA IM Chorus, its 25-strong liquid absolute return strategies investment team.

The new division, which was first announced in April, will be led by managing director Pierre-Emmanuel Juillard, who returned to Axa from Goldman Sachs earlier this year to create the new team.

Jérôme Brochard and Hector Chan, who also joined from Goldman Sachs, will take on co-chief investment officer roles.

They were managing director in the equities division and managing director and head of Asia Pacific FICC Structuring respectively.

The French firm also hired Augustin Landier as head of research, Ahcène Garèche as senior quant researcher and Philippe Muller as chief technology development officer.

Landier was and will continue to be visiting professor of finance at Harvard Business School. Garèche joins from hedge fund Marshall Wace where he was a quantitative researcher, while Muller was a senior engineering lead at advertising company Criteo.

Axa IM says new hires are expected over the coming months.

The firm plans to build liquid absolute return strategies made up of a range of selected and combined premia “engines”.

It says:“The objective is to create a diversified portfolio with low correlation to traditional asset classes. By combining different premia by risk rather than asset class profile, AXA IM Chorus has the potential to achieve strong returns with moderate volatility.”

AXA IM Chorus plans to market liquid absolute return strategies to clients in 2017, subject to regulatory approval.

Juillard says: “We are excited by the talent AXA IM Chorus has been able to attract as the quality of our team is central to the offering we are building for clients.

“While liquid absolute return strategies are not new, we see demand for them increasing and believe that our approach, powered by a team of some of the brightest and best from the buy and sell side, as well as research and technology, will offer clients an exciting and differentiated proposition.

“With more and more data becoming available on economic activity, markets and individual companies, we are looking to identify and capture tradable premia ‘engines’ to create portfolios with a low correlation to the overall market and an attractive risk-return profile.”