Axa
Replicating success
The financial crisis drummed home to many banks the advantages of quickly calculating exposures and executing hedges for complex portfolios. As a result, some banks are looking to the insurance sector and their use of replicating portfolios.
Bangers and the crash
Editor's Letter
Axa names fixed-income CIO
Chris Iggo, formerly a senior strategist on the investment strategy team, has been appointed Axa Investment Managers’ chief investment officer of fixed income, a newly created position.
CPDO ratings scorned at credit risk summit
Rating agencies have come under attack once again for assigning ratings to constant proportion debt obligations (CPDOs), during a panel discussion at Risk’s 2007 Credit Risk Summit Europe in London.
Axa adds two fixed-income managers
Axa Investment Managers has recruited two fixed-income portfolio managers for its UK team.
AXA launches active currency fund
After a year of preparation, AXA Investment Managers has entered the currency market with its first actively managed currency fund.
Two iTraxx ETFs licensed by IIC
Two exchange-traded funds are due to be launched referenced to the Frankfurt-based International Index Company’s (IIC’s) series of European credit default swap indexes.
Axa CDO managers resign
Two of Axa Investment Management's top investment-grade collateralised debt obligation (CDO) managers have resigned.
AXA IM appoints UK head
Paris-based Axa Investment Managers (Axa IM) has appointed Martin Hall as head of Axa IM UK, effective from June. He will be based in London and report to Nathalie Boullefort-Fulconis, global head of sales, marketing and client services at Axa IM.
Merrill Lynch and Axa close first French property swap
Merrill Lynch and Axa Real Estate Investment Managers have executed the first French property derivatives swap.
Calyon and ANZ launch Australian credit CPPI notes
Calyon and ANZ have launched what they say are the first credit constant proportion portfolio insurance (CPPI) notes for the Australian market. They are called Credit Sail and offer 100% principal protection.
Calyon and Axa launch ‘Ocean’ credit CPPI notes
Calyon and Axa Investment Managers (IM) are set to join the slew of financial institutions offering 100% principle-protected notes based on a managed portfolio of synthetic credits.
Capital modelling: Correlations in ESGs
Hoping to gain a competitive edge, leading life companies are demanding more control of their capital calculations, but can their ESG suppliers keep up with the demand?
ABN Amro and Axa close Synergie credit note
ABN Amro and Axa Investment Managers (Axa IM) have closed a principal-protected long/short credit note called Synergie, which has been sold to institutional investors in Europe, Asia and the Middle East.
CRO Forum study released
Industry body the Chief Risk Officer (CRO) Forum, which consists of the chief risk officers of Europe's leading insurers, is advancing the case for the use of proprietary internal models under Solvency II with the publication of a new in-depth report.
Axa releases largest single-tranche CDO
Axa Investment Managers this week issued a €1.3 billion managed synthetic collateralised debt obligation (CDO), called Aria CDO 1, the largest single-tranche deal to date.
Axa launches credit-equity volatility arbitrage fund
Axa Investment Managers has launched the second generation of its credit-equity volatility arbitrage fund, called Axa Kappa.
JP Morgan Chase prepares first syndicated synthetic CDO
JP Morgan Chase has taken a leaf out of the bond and loan markets by putting together the first syndicated synthetic collateralised debt obligation (CDO).
LME lines up Axa's Brydon as new chairman
The London Metal Exchange (LME) has appointed Donald Brydon, chairman of Axa Investment Managers, as an independent, non-executive director.
Regulators could stifle retail derivatives development, warns speaker
Overly strict financial regulations could stifle the development of derivatives products for retail investors, warned a keynote speaker at an international derivatives conference today, co-hosted by the Futures and Options Association (FOA) and the…