Two new funds from Axa IM

Axa Investment Management is to launch an opportunistic European fund using long/short, distressed and other strategies, and a global emerging markets hedge fund later this year. Both funds are currently being run in-house but will be opened to external investors in the coming months. Axa LF, a long/short and distressed fund investing in Europe, is managed by Karim Flitti. Flitti joined Axa IM in 2000, having worked previously for Morley, DLJ and Paribas Capital Markets in London. The fund, which was launched in-house in March, uses various strategies, including long/short, capital st...