This week in asset owner history: AXA Asia plans massive increase in alternatives

A decade ago this week, then-CIO of AXA Asia told AsianInvestor in an interview for the September issue of our print magazine that the insurer planned to increase its Asia allocation to alternative and foreign investments at the expense of equities. The plan was to increase exposure to alternatives from around 1% ($120 million) to 7-8% of its $12 billion life insurance general-account assets over two years, said Arnaud Mounier, who was the Hong Kong-based regional chief investment…