Axa Singapore adds private assets amid pricing concerns

Axa Insurance's Singapore business is set to further increase its private market allocations despite concerns about high prices and the changing credit cycle.  “For the past couple of years we have increased our allocation to alternative assets, especially private assets and private debt,” Pierre-Emmanuel Brard, chief investment officer of Axa Singapore, told AsianInvestor. “As we continue to ramp up our allocations to private assets, we are also mindful of issues such as high v…