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31 Results from "AXA Financial"

AXA sets up EUR200 million disruptive venture fund

AXA has launched a EUR200 million venture capital fund dedicated to investing in budding strategic innovations in the insurance, asset management, financial technology and healthcare service industries.

/retail

AXA opens API store for developer community

AXA Banque of France is inviting developers to pitch for a EUR50,000 grand prize at the launch of a new open API platform providing secure access to account and payment data.

/regulation

Quant manager pays $2.5m over code error which cost clients millions

The Securities and Exchange Commission has charged money manager AXA Rosenberg's co-founder with securities fraud for concealing a computer code error in a quantitative investment model he developed, costing clients millions of dollars.

/wholesale

Axa Rosenberg pays $242m over quant coding cock-up and cover-up

Investment firm Axa Rosenberg has agreed to pay $242 million to settle SEC charges that it covered up a computer code error in its quantitative investment model that cost clients millions of dollars.

/wholesale

Nyse Euronext testing MTF for European corporate bonds

Nyse Euronext has set up a strategic committee that will assist and advise on the creation of a pan-European Multilateral Trading Facility (MTF) for corporate bonds.

/regulation

Axa Rosenberg discovers coding error in risk program

Equity investment management firm Axa Rosenberg has found a coding error in its risk modelling program which led it to significantly under-represent common-factor risks.

/retail

AXA names Capita preferred bidder for £500m outsourcing deal

French insurance group AXA has chosen Capita as preferred bidder for a pensions administration outsourcing contract worth £500 million, in a move union Unite says puts up to 350 UK jobs at risk.

/retail

Welcome management team partners with AXA Private Equity for MBO

The management team of Welcome Real-time, a France-based provider of payment card technology, has completed a buy-out of the company with the support of AXA Private Equity. Financial terms of the deal were not disclosed.

/retail

Banks launch French joint venture employee savings platform

Axa France, BNP Paribas, HSBC France and Société Générale are to create a joint platform for employee savings plan administration in France.

/wholesale

Axa IM to outsource fund admin and investment ops to State Street

Axa Investment Managers (AXA IM) has entered into exclusive discussions to outsource its fund administration and investment operations support in the UK, France and Germany to State Street.

/wholesale

Institutional outsourcing: Investec turns to State Street; AXA looks to Bank of New York

Investec Asset Management has entered exclusive negotiations with State Street regarding the outsourcing of its institutional administration back office.

/Sibos

Swift to launch fixed income FIX pilot

Interbank messaging network Swift is to launch a fixed-income pilot programme for users of the new FIX version 4.4 trading protocol.