Axa opts for core and satellite plan

Equity manager Axa Rosenberg is to offer pension trustees a simplified method of core and satellite management of assets. The group believes that the administrative burdens needed to run such a system successfully are too great for many trustees. Jennie Paterson, CEO of Axa Rosenberg Investment Managers, said this form of investing had become increasingly popular over the past five years as pension schemes looked for managers who could outperform the volatile UK index. She said: "The solution that many funds have adopted is to move to a core and satellite approach, the logic being that m...