Sophis to complement Axa convertible arbitrage fund

Axa Investment Managers' Structured Asset Management division (SAM) has opened a convertible arbitrage fund in Dublin, and Hedge Funds Review has learned that Axa IM plans a high profile launch of the fund, Axa Vega, in the new year.

Its principal software supplier, Paris-based Sophis, announced the launch in a release describing a deal between the two firms. A spokesperson at Axa IM played down the release, adding Axa Vega has already begun trading, albeit with seed capital only.

Sophis softwar