AXA IM shuts Talents OEIC as Firmin-Didot exits

AXA Investment Managers has shut its £5.5m AXA Framlington Talents fund because of its small size while Charles Firmin-Didot, the creator of the Talents strategies, has left the group.

Firmin-Didot, who has left to pursue other opportunities, joined AXA IM in December 2003 to develop and manage the Talents range of funds based on the process he developed while at his own firm Sophia Asset Management. The Talents strategies focus on entrepreneurs who hold a large stake in their company and intend to make further investments to generate long-term growth for their firm. The group said its decision to shut the onshore vehicle was unrelated to Firmin-Didot's departure, but rather a factor of the fund's size. "After careful consideration we have decided that the UK-dom...