A new UCITS fund of hedge fund has been launched by Axa Investment Managers.
Last year Absolute UCITS reported that the investment manager was planning to launch its first UCITS FOHF (see earlier story).
Chris Manser global head of fund of hedge funds for AXA IM
The firm says that strategic allocations of the Axa WF Multi Alpha Fund are continuously monitored to ensure diversification and minimise drawdown risk while maximising return, with core allocations to long/short, global macro and CTA strategies, according to a statement from Axa IM.
Chris Manser, global head of fund