Paris-based Axiom Alternative Investments has launched a credit opportunity fund targeting double digit net returns.
The Axiom Credit Opportunity Fund will adopt a market neutral strategy focussed on capturing value from the structural price anomalies in the credit derivatives market and the opportunities created by the ongoing regulation that forces banks to reduce their risk and improve their return on equity.
The lead manager of the fund will be Laurent Henrio, a former global head of credit trading at Société Générale, who joined Axiom in September last year.
He will be supported by Adrian Paturle, portfolio manager at Axiom, who brings more than 20 years’ experience in credit funds management.
Henrio said: “This is a unique proposition in an uncrowded but growing market, which offers significant opportunities arising from the regulatory driven weighting on banks.
“We see the fund’s strategy as a source of value for investors, offering true diversity and decorrelation from traditional asset classes.”
Axiom Alternative Investments was founded in 2009 and currently manages over US$1.3 billion (€1.14 billion) through a range of open-ended funds and mandates covering all instruments issued by European financial institutions as well as credit derivatives.
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