AXA Investment Managers has announced plans to create a new €137 billion ($156 billion) business unit, AXA IM Alts, as part of a larger restructuring of the business into two divisions. The other new business unit would be known as AXA IM Core.
“We strongly believe in leveraging both traditional and alternative asset classes to provide investors with responses to the current hunt for yield,” said Gerald Harlin, executive chairman of AXA IM. “We want our organization to reflect this belief, and that is why we aim to implement a simplified structure comprised of two key strategic business units.”
Under the leadership of AXA IM Real Assets CEO, Isabelle Scemama, the new Alts business unit would bring together the firm’s €87 billion ($99 billion) real assets business, its €48 billion ($54 billion) structured finance platform and its hedge fund business.
Scemama noted, “The creation of AXA IM Alts would allow us to build on this momentum and enhance
