Business highlights The global economic crisis has continued to affect the asset management industry throughout 2009 and the start of 2010, and our results have inevitably been influenced by this situation.
However, our 2009 key figures demonstrate that our multi-expert model is effective in providing the best protection for our clients. |
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We are able to show strong results as at 31 December 2009:
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Our investment expertise platforms have seen many challenges over the last year, and so we are committed to ensuring that the balance between our expertises is complimentary and fruitful, and allows us to continue the sustainable growth of our company. Please note that all figures quoted are as at 31 December 2009, and sourced by AXA IM unless otherwise specified.
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Our qualitative equity expertise brand, AXA Framlington (which brought together AXA Framlington, equity conviction and Talents in 2009 to build synergies between teams under one unique brand), saw positive net new money over the period, and more than 50% of AXA Framlington funds outperformed their benchmark index in 2009.
In quantitative management, AXA Rosenberg suffered with some poor investment performance – however, the recent market correction helped AXA Rosenberg recover short term performance, and in late 2009 they started to show positive results.
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AXA Investment Solutions* was rationalised to reinforce positioning as an active investment manager – this included closing ETF activity and launching new global investment and credit arbitrage products.
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AXA Funds of Hedge Funds platform continued to withstand ongoing volatility in the markets and has seen its AUM increased to €3.7 billion, with French funds AXA Aria III and AXA Select Alpha doubling their assets under management over the period.
AXA Real Estate celebrated 10 years of success, becoming the number 1 real estate manager in Europe, and number 4 worldwide (awarded by Europroperty in July 2009). In 2009 AXA Real Estate achieved €1.4 billion in growth and over €1 billion in transactions.
AXA Structured Finance Division (SFD) faced challenges in 2009 as investors became more risk averse when investing in structured products. Consequently, the structured finance division reorganised its team in order to benefit from changes in the market.
AXA Private Equity was awarded “Private Equity Firm of the Year” at the European M&A Awards in 2009. AXA Private Equity made 13 transactions in 2009.
*Equities or bonds managed within this expertise is accounted for with total AUM of their corresponding respective asset classes |
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