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Chris Manser By Beverly Chandler, Opalesque London

Chris Manser is to leave his position as Global Head of AXA Funds of Hedge Funds in order to pursue other opportunities and is believed not to have elaborated further on his future plans. Manser has been with the firm since February 2007 and will leave at the end of June this year. While he has been with AXA assets under management in the fund of hedge funds business have grown from Euros 2.5bn to Euros 4.5bn ($3.54 bn to $6.37bn) and the composite performance for AXA’s funds of hedge funds has consistently outperformed the HFRX Global Index and the HFRI Fund of Hedge Fund Index. He has also been a member of AXA Investment Manager's Group Executive Committee.

The firm is not replacing Manser immediately. The current Global Head of AXA IM Distribution, Jon Bailie, will, on top of his existing role, take over the post in the interim. Bailie is also a member of the AXA IM Management Board and in the past was Head of Alternative Investments at Russell Investments, where he was in charge of their funds of funds business. Bailie will oversee a team of analysts and portfolio managers who have an average of 13 years worth of experience in the financial markets and will continue to apply Manser’s rigorous, team based investment process, designed to deliver stable and consistent performance while minimising potential downside risks, through a stringent approach to operational due diligence and risk management.

Manser outlined his app......................

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