AXA Structured Finance

AXA Structured Finance has a proven 10 year track record of creating targeted structured products to meet out clients' needs. We offer (i) corporate credit ranging from Investment Grade to High Yield corporate loans, (ii) ABS, (iii) CDO's and (iv) Insurance Linked Securities (Cat Bond) using a fundamental approach, our team of 65 professionals creates and designs the most suitable structure to manage these assets.

Our strong investment beliefs and convictions, strict portfolio selection, and selective product launches have enabled us to stay away from sectors, market segments, and investment types that have been most affected by the credit crisis:

• No exposure to monolines / Icelandic banks / US Government sponsored enterprises (GSE), such as Fannie Mae,
• Not involved in the management of market value-leveraged vehicles such as structured investment vehicles (SIVs) Super Senior Notes or CDO² structures,
• Anticipating deteriorating conditions: the last CDO of ABS issued was in Dec 2005, no public CSO since 2006, no public fund raising on the European HY loan platform.
   

Our investment philosophy relies on a 5 pillar approach:

• Fundamental credit approach supported by in-house dedicated research teams,
• Transparent and suitable structure under each client's set of constraints,
• Active portfolio management achieving out-performance commensurate with appropriate risk control,
• Long term focus,
• Highly selective on our product offering.