Copying and distributing are prohibited without permission of the publisher
Dominique Carrel-Billiard, Axa IM, interview
04 June 2013
Dominique Carrel-Billiard, chief executive of Axa Investment Managers, talks to Alastair O’Dell about attracting money back from investors still sitting on the sidelines
The stock market surge of the first quarter of 2013 has flattered the assets under management (AuM) and performance numbers of most asset managers, but those of Axa Investment Managers (Axa IM) indicate significant relative improvement.
While not all firms have yet released their results for comparison, Carrel-Billiard says they are “very positive and encouraging” and “the rewards for good quality and profound transformation work” in addition to “the fact that the industry is hitting a slightly better trend recently”.
Overall, his business is “doing better than the market, that is clear”. The first-quarter results for Axa IM were very encouraging. Net new money flows for Q1 2013 were €5.9bn ($7.7bn). By comparison, for the whole of 2012 the figure was €400m – figures exclude Axa Private Equity, which is in the process of being sold.
“We have seen a huge acceleration.” It now has AuM of €550bn....
Access to this content is denied because you are not logged in. Please login to view this content
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.