Axa Investment Managers has decided to transfer £3.5bn (€5.6bn) of UK client mandates covering global and continental European equities to its computer-driven affiliate Axa Rosenberg.
A range of specialist US, Japanese and Asian mandates have already been transferred to Rosenberg. The move means Axa Investment Managers' resources will now be concentrated on processes with the greatest fee potential, including fixed income, alternative and real estate investment work.