Fund Management market round-up

• Fund management

AXA Investment Managers has acquired Framlington Group from HSBC and Comerica for £174 million. The deal adds about £4 billion to AXA’s £52 billion ($93.5 billion) in UK assets under management, and puts an end to rumours that AXA IM was considering scaling down its UK business. 

• Hedge funds

Emerging markets might be the flavour of the month for hedge funds, but Europe has proved itself as the region that produces the highest returns. According to MSCI, funds in its hedge fund indices that focus on emerging markets outperformed all other categories in Q2 with a gain of +1.7%.