Jeremy Gleeson, head of AXA Investment Managers’ (AXA IM) technology investment team and lead manager of its Global Technology and Digital Economy funds, will leave in August 2024 to pursue an external opportunity.
Gleeson has spent 17 years at AXA IM. He has been managing the £1.3bn AXA Framlington Global Technology since 2007 and the £602m AXA World Funds Digital Economy fund since its launch in 2017.
Performance of fund under Glesson's tenure vs sector and benchmark
Source: FE Analytics
The former fund ranks sixth out of 11 in the IA Technology & Technology Innovation sector under Gleeson’s tenure, but it has lagged behind the MSCI World/Information Technology index over that period.
The latter fund has consistently outperformed the MSCI ACWI since inception.
Performance of fund since launch vs sector and benchmark
Source: FE Analytics
Gleeson also managed AXA World Funds Robotech with AXA IM's head of global thematic strategies Tom Riley and portfolio manager Brad Reynolds between December 2016 and August 2023.
Before joining AXA IM, he was a senior portfolio manager at Close Investments (formerly Reabourne Technology), a subsidiary of Close Brothers Group.
After his departure, Gleeson’s funds will be managed by Tom Riley, Brad Reynolds and and portfolio manager Pauline Llandric.
A spokesperson for AXA IM said: “They are a team of experienced portfolio managers who have worked alongside Gleeson to run the strategies and will continue to directly manage the strategies on a day-to-day basis.”