Axa IM

Nicolas Trindade, manager of the AXA Sterling Credit Short Duration Bond fund, has been using in-house resources in a bid to diversify his floating rate note exposure.

Theo Zemek is to exit AXA Investment Managers, handing over her responsibilities to new hire John Porter.

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US equities can benefit from the end of QE and post an annualised return of 10% by end-2014, according to AXA IM head of research Eric Chaney.

AXA Investment Managers' CEO Dominique Carrel-Billiard is to leave the company, with the head of AXA's Itlaian insurance business Andrea Rossi to take over.

Polar Capital has hired Deane Donnigan and David Pinniger to work within its healthcare team in an effort to increase the range of the group's products in this area.

AXA IM's global head of fixed income Theo Zemek has warned bond markets are becoming increasingly unpredictable and says investors "should not touch" long-dated debt of any variety.

Kames Capital has bought into the record $17bn corporate bond issue unveiled by Apple yesterday, saying the deal "has to be a buy" - but other fund managers are not so sure.

AXA IM's Nigel Thomas has added to his position in wealth manager St James's Place, whose shares have fallen 4% today as Lloyds Banking Group placed a 20% stake in the business into the market.

Jon Bailie has joined Pioneer Investments to head up distribution efforts in Western Europe and Latin America.