Carmignac

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Carmignac

logo
legal form Private company
founding 1989
Seat 24, Place Vendôme , Paris , France
management
  • Édouard Carmignac (founder, CEO and CIO )
  • Frédéric Leroux (Head of Cross Asset)
  • Rose Ouahba (Head of Fixed Income)
  • David Older (Head of Equities)
  • Didier Saint-Georges (Managing Director, Member of the Strategic Investment Committee Carmignac)
  • Maxime Carmignac (Managing Director Carmignac UK)
Number of employees 281
Branch Asset management
Website [1]

Carmignac is a French investment management company founded in 1989 by Edouard Carmignac and Éric Helderlé. The company is fully owned by its employees and, according to its own statements, currently manages assets of around 35 billion euros.

history

The company was founded in 1989 by Edouard Carmignac and Éric Helderlé in Paris after Carmignac gained experience in the financial sector in New York. In 1999 the first foreign office was opened in Luxembourg . In 2008 further offices were opened in Madrid and Milan , followed by London (2012), which has been managed by Carmignac's daughter Maxime Carmignac since 2013, and Zurich (2015).

In 2000 the assets under management amounted to 1 billion euros. Seven years later that number had grown to around 13 billion euros. Carmignac Patrimoine, the company's main fund, was able to weather most of the 2008 financial crisis . This led to an increase in the fund volume in the following years and, according to estimates by the Financial Times , made it one of the largest funds in Europe.

Recent developments

In September 2018, Édouard Carmignac handed over the management of the Carmignac Investissement Fund to David Older and withdrew from the active day-to-day business of fund management.

Edouard Carmignac also announced that after 30 years the management of the flagship fund Carmignac Patrimoine will be handed over. Rose Ouahba and David Older followed Carmignac as dual heads of the fund. Edouard Carmignac will, however, retain his role as a member of the strategic investment committee and chief investment officer (CIO).

In April 2019, Marie-Anne Allier took over the co-management of the Carmignac Sécurité Fond. In the same year, three of the company's funds were certified with the French SRI label for sustainable investment instruments.

Managed Funds

Carmignac manages 21 investment strategies (as of 2019). These activities include the management of equity and fixed income.

In order to expand the company's European presence, a new “unconstrained” fund was launched in April 2019. In May, six more funds followed in Great Britain , based on the investment strategies in the French core market.

In June of the same year, the company launched two more funds, the Carmignac Portfolio Grandchildren Fund and the Carmignac Portfolio Family Governed Fund. These funds are aimed at long-term investment strategies for the financial security of children. 

Individual evidence

  1. ^ A b France's Carmignac Gestion opens its London office. April 24, 2012, accessed March 2, 2020 .
  2. ^ Carmignac | Who are we? Retrieved March 2, 2020 .
  3. ↑ Gesche Wüpper: Édouard Carmignac: A fund manager faces Hollande . In: THE WORLD . April 20, 2013 ( welt.de [accessed June 16, 2020]).
  4. ↑ “I trust the Swiss to rethink”. June 15, 2010, accessed on June 16, 2020 (German).
  5. ↑ Finevision and Media Pilot for Cash Online http://www.cash-online.de : Carmignac opens London office. In: Financial news on Cash.Online. Retrieved June 16, 2020 .
  6. ↑ Carmignac Gestion: Maxime Carmignac takes over the British subsidiary. Retrieved June 16, 2020 .
  7. ^ Carmignac opens Zurich office. April 28, 2015, accessed March 2, 2020 .
  8. ^ Sophia Grene: Edouard Carmignac: Sitting firmly at the helm of a future giant. Financial Times, May 24, 2009, accessed March 2, 2020 .
  9. ↑ Carmignac à un tournant de son histoire. March 26, 2013, accessed March 2, 2020 (French).
  10. ↑ Siobhan Riding: Carmignac founder steps down from € 16bn flagship fund. Financial Times, January 22, 2019, accessed March 2, 2020 .
  11. ↑ a b Edouard Carmignac resigns and hands over fund responsibility. Retrieved March 2, 2020 .
  12. ↑ Edouard Carmignac steps down from € 14bn Patrimoine fund after 30 years. January 23, 2019, accessed on March 2, 2020 .
  13. ↑ Carmignac steps back: so ... who is David Older? In: Citywire Global . ( citywireselector.com [accessed March 2, 2020]).
  14. ↑ Edouard Carmignac relinquishes full control of the flagship Carmignac fund. January 23, 2019, accessed on March 2, 2020 .
  15. ↑ From Amundi to Carmignac: Marie-Anne Allier becomes co-manager of the Carmignac Sécurité. Retrieved June 16, 2020 .
  16. ↑ Carmignac receives SRI label for three funds. Retrieved June 16, 2020 .
  17. ↑ Carmignac overhauls strategy of € 895 m absolute return bond fund . In: Citywire Global . ( citywireselector.com [accessed March 2, 2020]).
  18. ^ France's Carmignac Gestion opens its London office. April 24, 2012, accessed March 2, 2020 .
  19. ↑ Carmignac launches Carmignac Portfolio Unconstrained Credit. Retrieved June 16, 2020 .
  20. ^ Carmignac launches six funds into UK . In: Wealth Manager . ( citywire.co.uk [accessed June 16, 2020]).
  21. ↑ 'If you manage alpha and beta you can make a difference'. In: FT Adviser. Financial Times, accessed June 16, 2020 .
  22. ↑ Carmignac taps grandchild trend in new thematic fund launches . In: Wealth Manager . ( citywireselector.com [accessed June 16, 2020]).