Asia Hedge Funds Win Bigger Allocations at Manager Bought by BNP

Asia Hedge Funds Win Bigger Allocations at Manager Bought by BNP

Axa IM Prime, part of the global asset manager recently acquired by BNP Paribas SA, has been boosting its allocation to Asia hedge fund managers in the past five years, when the retreat of US institutions left the regional industry starved of fresh cash.

BNP Paribas Cardif closes acquisition of AXA IM

BNP Paribas Cardif has completed the acquisition of AXA Investment Managers (AXA IM), enabling the creation of a major European asset management platform that oversees over €1.5tn ($1.76tn) in client assets. This move includes a long-term partnership with the AXA Group, allowing BNP Paribas Cardif to manage a significant portion of AXA’s assets. In December 2024, BNP Paribas Cardif signed a share purchase agreement to acquire AXA IM in a deal va…

BNP-backed AXA IM Prime ramps up Asian hedge fund allocations amid rising returns

AXA IM Prime, the hedge fund platform recently acquired by BNP Paribas, has significantly expanded its exposure to Asia-focused hedge funds, now allocating up to 30% of its $5bn hedge fund portfolio to managers in the region, according to a report by Bloomberg. The report cites AXA Prime’s Global Head of Hedge Funds Johann Ropers as confirming that once absent from its portfolios, Asia now represents a key driver of expected double-digit returns…

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Asia hedge funds win bigger allocations at manager bought by BNP From Bloomberg: Axa IM Prime, part of the global asset manager recently acquired by BNP Paribas SA, has been boosting its allocation to Asia hedge fund managers in the past five years, when the retreat of US institutions left the regi... Article link

BNP Paribas completes €5.1bn AXA IM acquisition

BNP Paribas Cardif has completed its acquisition of AXA Investment Managers. The deal, first announced last August, creates a European asset manager with over €1.5trn in assets under management. BNP Paribas said it aims to become the continental leader in fund collection for private asset investments, while positioning itself among the main ETF providers. Sandro Pierri, CEO of BNP Paribas AM, will lead the wider group’s asset management arm. Mar…

No Danish Compromise for BNP Paribas - Global Trading

BNP Paribas has finalised its acquisition of AXA Investment Managers (AXA IM) and clarified its leadership structure going forward. The firm has not been able to employ the ‘Danish Compromise’, under which banks do not have to deduct the value of insurance subsidies from their capital. In May, the ECB stated that this would not be applicable to asset management undertakings. READ MORE: BNP’s Axa IM acquisition to close in July despite ECB shutti…