and Aviation. Since 2014 Axa has made several acquisitions of other insurers in an attempt to expand. Axa already operates in Cameroon, Egypt, Gabon, Ivory Coast, Morocco, Nigeria, Senegal and Algeria. Axa Africa also has a role in the trades between Asia and some of African countries. Kamet Ventures In January 2016, Axa created Kamet Ventures, an insurtech incubator, to build disruptive businesses in insurance, healthcare and assistance space with an initial funding of €100 million. Some of Kamet's investments include insurance advice platform, Anorak Technologies and elderly care platform, Birdie Axa Investment Managers Axa Investment Managers (Axa IM), is a global investment —management firm with offices in over 22 locations worldwide. As of 31 December 2020, it manages over €858 billion in assets on behalf of institutional and retail clients. It operates as the investment arm for Axa. AXA Hong Kong & Macau AXA Asia Pacific Holdings Limited acquired MLC (Hong Kong) Limited and re-branded it as AXA (Hong Kong) Life Insurance Company Limited in 2006. Capital ownership United States 18.8% France 16.5% United Kingdom 10.5% Axa employees 6.5% BNP Paribas 5.4% Edward L. Skyward 5.1% Sumitomo Mitsui 4.0% Qatar Investment Authority 3.8% Capital ownership as of 31 December 2010 Headquarters Axa headquarters is located in the 8th arrondissement of Paris. Axa, which already owned 23 Avenue Matignon, acquired the former Hotel de La Vaupalière, an 18th-century building, in the late 1990s. Architect Ricardo Bofill integrated the facade of the hotel with a modern glass building that covers the courtyard that the hotel also occupies. The complex serves as Axa's head office. Philanthropy Besides its artistic and social philanthropic initiatives (Axa Heart in Action), Axa created the Axa Research Fund in 2008. Endowed with €100 million, it provides support for research focused on understanding and preventing the risks threatening the environment, human life and society. 256 basic-research projects were funded within three years, including 230 young researchers, PhDs or in postdoctoral year, working in laboratories all around the world. Axa also gathers every year the young fellows to meet a world-class researcher, exchange best practices and network. The Fund has also awarded eleven endowments for several million euros supporting research institutions of excellence (HEC Paris, National University of Singapore, University of Bristol, London School of Economics, Met Office, INSERM, IHES). These research and education chairs intend to attract the best scientists. For example, the Axa Polytechnique Chair in Cellular