|
|
Article: Axa Talents last in its sector after first year.
- Article from:
- Investment Adviser
- Article date:
- March 10, 2008
CopyrightCOPYRIGHT 2008 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Entrepreneur-focused fund struggles in market turmoil as some positions fall 20 per cent. Gail Moss
The entrepreneur-focused GBP43.2m Axa Talents fund has marked its first birthday with a disappointing performance, leaving it languishing at the bottom of its sector.
The fund, managed by Charles Firmin-Didot, was launched on 23 February as an onshore version of Axa Talents, the French-registered FCP, which had performed strongly over the previous five years.
According to Axa, the Talents fund is based on people, not processes. Its objective is to achieve long-term capital appreciation through exposure to companies where an entrepreneur or a ...