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AXA Splits Asset Manager, Makes $156 Billion Alternative Arm

  • AXA IM Alts will focus on real assets and structured finance
  • Isabelle Scemama will run the new alternatives business unit

Photographer: Jason Alden/Bloomberg

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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.