Axiom launches credit fund for new hire

12% targeted returns

French asset manager Axiom Alternatives Investments has launched a credit fund for new hire Laurent Henrio, who joined the firm last September.

The Axiom Credit Opportunity fund is a market neutral credit derivatives strategy, targeting annual returns of 12%. The fund will capture returns through two principal sources; the structural price anomalies within the credit derivatives market and the opportunities created by the ongoing regulation that forces banks to reduce their risk and improve their return on equity. Managed by Henrio, who was global head of credit trading at Société Générale prior to his move to Axiom, the fund will also adopt hedges to protect returns from extreme market scenarios through a focus on the more l...