AXA SA plans to create a 137 billion-euro ($156 billion) asset-management unit to cater to the growing demand for real estate and other alternative assets. The French insurer will divide its asset-management business in two units: alternatives under Isabelle Scemama and a 536 billion-euro “core” division arm led by Hans Stoter, according to a statement… Continue reading AXA Splits Asset Manager, Makes $156 Billion Alternative Arm
Tag: asset management
Assets of World’s Largest Fund Managers Jump by Over 15% to Nearly $94 Trillion
Total assets under management (AuM) of the world’s largest 500 managers grew to US$ 93.8 trillion in 2017, representing a rise of 15.6% on the previous year, according to the latest Global 500 research from Willis Towers Watson’s Thinking Ahead Institute. In addition, the concentration of assets managed by the 20 largest managers reached the… Continue reading Assets of World’s Largest Fund Managers Jump by Over 15% to Nearly $94 Trillion