Jeremy Gleeson, the head of AXA Investment Managers’ (AXA IM) technology investment team and lead manager of its Global Technology and Digital Economy funds, is set to leave in August 2024 to pursue an external opportunity. Gleeson has spent 17 years at AXA IM, during which he has managed significant funds.
Jeremy Gleeson, a seasoned portfolio manager, has been at the helm of AXA IM’s technology-focused funds for over a decade. His departure marks a significant transition for the investment firm and raises questions about the future management of these funds.
The Funds
AXA Framlington Global Technology
Gleeson has been managing the £1.3 billion AXA Framlington Global Technology fund since 2007. This fund focuses on technology companies worldwide and aims to capitalize on the rapid advancements in the tech sector. While it ranks sixth out of 11 in the IA Technology & Technology Innovation sector under Gleeson’s tenure, it has lagged behind the MSCI World/Information Technology index over that period.
AXA World Funds Digital Economy
Since its launch in 2017, Gleeson has been the lead manager of the £602 million AXA World Funds Digital Economy fund. This fund targets companies driving the digital transformation across various industries. Notably, it has consistently outperformed the MSCI ACWI (All Country World Index) since inception.
Transition and Future Management
Following Gleeson’s departure, his funds will be managed by a team of experienced portfolio managers. Tom Riley, head of global thematic strategies, along with portfolio managers Brad Reynolds and Pauline Llandric, will take over the day-to-day management of these strategies. Their collective expertise will ensure continuity and effective management of the funds.
Jeremy Gleeson’s legacy at AXA IM leaves a lasting impact on the technology investment landscape. As he embarks on a new chapter, investors will closely watch how the transition unfolds and how the funds continue to perform.