Axiom Alternative Investments, a French asset manager with EUR1.8 billion under management and offices in London and Paris, has continued to see positive inflows, despite the backdrop of an uncertain credit cycle and the Covid-19 pandemic, in 2020. Third-party assets under management (AuM) increased for a second consecutive year by over EUR300 million to EUR1.8 billion, as of the end of November 2020, bringing AuM for the Group to an all-time high. Over 70 per cent of the inflows in the period were into the Group’s Legacy funds.
Earlier in the year, Axiom continued to strengthen its long/short product range, both in terms of geography and sector, via the launch of its first Global US and Europe Long/Short credit fund with an investment strategy that optimises the current market backdrop.
The Company, which manages open-ended funds, closed-ended funds, dedicated funds and managed accounts covering all instruments issued by European financial institutions – senior debt, non-preferred senior debt, subordinated debt and equity, expects Legacy strategies to continue to perform well in the coming months as the sector nears the end of the regulatory transition for a significant part of the Legacy universe (2021 for banks and 2025 for insurers).
David Benamou, Chief Investment Officer at Axiom Alternative Investments, says: “The successful launch of a new fund, combined with the impressive inflows we have seen in 2020, demonstrates the resilience and attractiveness of our fund offering as well as the continued progress we have made in executing our diversification strategy. Throughout the period, the strength of Axiom’s funds has been clear, and we would like to thank our clients and partners for their trust during what was exceptionally testing year.”
