AXA Investment Managers has appointed Francisco Arcilla as Global Head of AXA Funds of Hedge Funds (AXA FoHF) effective 3 October, 2011.
Arcilla will be responsible for the overall leadership of AXA IM’s FoHF platform and accelerate its development as a provider of tailor made investment solutions in the hedge fund space. Arcilla will be based in London and report to Thibaud de Vitry, Global Head of AXA IM’s Investment Solutions business and member of the AXA IM Management Board. Francisco will be a member of the AXA IM Executive Committee.
Following the financial crisis and ensuing market volatility, AXA FoHF has continued to build its investor base, reaching assets under management of EUR4 billion as at end June 2011. Arcilla’s appointment will add to the momentum behind the business which will continue to aim at delivering solutions that provide diversified returns and minimisation of downside risks via active manager selection and stringent due diligence and risk management.
Dominique Carrel-Billiard, CEO of AXA IM, says: “We are very pleased to have Francisco on board at a time when differentiation through tailor made solutions has become paramount to succeed in the FoHF industry. At the core of the AXA FoHF business is a desire to work with clients to develop and implement the right solutions that satisfy the unique set of constraints and requirements they face.
“Francisco’s extensive experience and knowledge of hedge fund strategies as well as his commercial acumen and technical skills will be invaluable to further developing the AXA FoHF business. He is a proven portfolio manager and I am confident that his leadership skills combined with his product and business vision will enable the acceleration of AXA FoHF’s growth trajectory.”
