Lorraine Zafrani (pictured), heads the structured management team at AXA Investment Managers (AXA IM) in Paris. She spoke to SRP about how to navigate the low interest rate environment; the need by providers to disclose and investors to understand the risks involved with structured products; and why constant proportion portfolio insurance (CCPI) strategies comprise the core of the firm's offerings. Given the low interest rate environment and the difficulty in providing structured products with