AXA’s Hong Kong-based hedge fund division, AXA IM Chorus, has closed down and chief investment officer Hector Chan has left the firm, after AXA redeemed its shares in the two AXA IM Chorus Luxembourg funds, which launched in 2017, according to a report by AsianInvestor.
The report cites a spokesman for AXA IM, the funds' main investor, as confirming the share redemption, saying that it had "resulted in the liquidation of the funds, which in turn led to the termination of the AXA IM Chorus business”.
Chan joined AXA IM Chorus from Goldman Sachs in April 2016 as co-CIO alongside Pierre-Emmanuel Juillard, before becoming sole CIO in August 2019.
The Hong Kong-based AXA IM Chorus team at one point numbered 20 members, managing $1.3 billion in assets across across equities, options, and foreign exchange swaps, before dwindling to just five members by the end of 2022.
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