AXA IM HK-based hedge fund unit terminates, CIO departs
One of the founding members of the Hong Kong-based AXA Investment Managers Chorus team left the firm in early June, as the seven-year-old hedge fund business was terminated in recent weeks.
AXA’s investment arm has shut down its Hong Kong-based hedge fund division, Chorus, in recent weeks, and its chief investment officer Hector Chan has left the firm in early June, AXA Investment Managers confirmed with AsianInvestor.
“We confirm that AXA, which was the main investor in the two AXA IM Chorus Luxembourg funds launched in 2017, has redeemed its shares in recent weeks. This has resulted in the liquidation of the funds, which in turn led to the termination of the AXA IM…
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