EUROPE – AXA Rosenberg has been appointed by two European pension funds, which together have committed almost 250 million euros to the pan-European small cap equity fund.
Netherlands-based Blue Sky Group (previously KLM’s internal pensions department) and the Swiss Federal Social Security Fund, AHV, have invested into the fund which was launched in October 1996. Since its inception, the fund has produced an outperformance of 7.1% per annum.
Last year saw AXA Rosenberg’s assets under management significantly increase, and sister company AXA IM announced the intention to transfer a further 3.5 billion pounds (5.36 billion euros) in assets to Rosenberg. Rosenberg also won its first UK pension fund mandate in the shape of Powys County Council, and Simon Vanstone, AXA Rosenberg’s head of marketing for UK and Europe, believes the company’s position in Europe to be "going from strength to strength."
AXA Rosenberg now manages around nine billion pounds (13.78 billion euros) worldwide.