AXA Investment Managers has merged its alternative solutions and structured finance teams into a single credit platform targeting investments in private debt and CLOs.
Deborah Shire, head of the firm’s structured finance group, will lead the team of 100. The platform will operate from offices in Paris, London and Greenwich, Connecticut.
As a result Eric Lhomond, who was the firm’s global head of alternative solutions, has left the firm to pursue another opportunity.
The single platform overlooks €31 billion of assets under management and in addition to its debt and CLO strategies commits to insurance-linked securities, asset-backed securities, fund of hedge funds and impact investing. Of this, €23 billion resides with the structured finance team, which manages assets for pension funds, sovereign wealth funds and family offices. The other €8 billion is accounted for by its alternative solutions team.
A representative from Axa IM was not available for comment before press time.
Shire, who has headed the structured finance team since 2014, said: “In the context of a low rate environment investors are increasingly looking for high yielding and diversifying assets to provide returns but they also want peace of mind, i.e. transparency and a trusted partner who aims to deliver consistently throughout credit cycles.”