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AXA Investment Managers, the Paris-based investment management arm of Europe’s second-largest insurer AXA, has proven itself to be a top performer in the fund-of-funds industry since its inception a decade ago. Within six years, AXA IM was the 36th largest fund of hedge fund manager in the world with $5.7 billion under management, according to Alpha’s Fund of Funds 50 ranking. Assets have since grown by nearly 52 percent despite many investors leaving fund of funds after the 2008 financial crisis. AXA IM took advantage of the market meltdown...