Carmignac Portfolio Capital Plus and Carmignac Sécurité are best Funds in Europe by Lipper
Carmignac Sécurité has been listed as the best Fund in Europe over 10 years in the category Bond Euro – Short Term. The Fund has also been conferred with the award of best Fund in Germany, Switzerland and Austria for 2015.
Carmignac Portfolio Capital Plus has received the distinction of being the best Fund in Europe over 5 years and the best Fund in the UK over 3 years in the category Absolute Return EUR Low.
Appointments within Carmignac’s fund management team
Carmignac has announced several promotions within the European Equities, Cross Asset and Fixed Income teams.
After having joined Carmignac in January 2014 reporting to Muhammed Yesilhark, two members of the European Equities team have been promoted to the position of co-fund manager, starting January 2015:
Huseyin Yasar has been appointed co-manager of the Carmignac Portfolio Grande Europefund (EUR 420 million) alongside Muhammed Yesilhark with whom he has worked since 2011. Huseyin (33) first joined Carmignac as an analyst. A graduate of the European School of Business in Reutlingen and Dublin City University, he previously worked in the mergers and acquisitions division of Goldman Sachs and then in the London offices of SAC Global Investors.
Recently appointed as the manager of the Carmignac Euro-Entrepreneurs and Carmignac Portfolio Euro-Entrepreneurs funds (EUR 440 million), Malte Heininger has also been made a co-manager of the Carmignac Euro-Patrimoine and Carmignac Portfolio Euro-Patrimoine funds (EUR 565 million) alongside Muhammed Yesilhark. Malte (33) was an investment banker at Morgan Stanley, then spent around four years working in the London offices of SAC Global Investors where he co-managed a portfolio of European equities. He graduated from ESCP-EAP Paris.
The Cross Asset team, which is headed by Frédéric Leroux and responsible for ensuring that optimum macroeconomic assessments lead to the best possible investment decisions, has been reorganised:
Julien Chéron has been appointed co-manager of the Carmignac Investissement Latitudeand Carmignac Portfolio Investissement Latitudefunds (EUR 1 billion) with Frédéric Leroux. Julien joined Carmignac in 2009, initially working as a risk manager and, since 2011, as a quantitative analyst in the Cross Asset team. Julien (37) has 14 years’ experience in risk management and quantitative analysis through his previous positions with CDC Ixis Capital Markets, CDC Corporate & Investment Bank and Anakena Finance. Julien has a Master’s degree in Fundamental Mathematics, Applied Mathematics and a Master’s in Financial Statistics and Random Systems, University of Paris VI.
After having increased in size in 2013, the Fixed Income team, headed by Rose Ouahba, has redefined the roles of two of its members:
Recruited in January 2013 as a credit analyst, Pierre Verlé has been appointed Head of Credit, a position previously held by Keith Ney. Pierre Verlé has 10 years' experience of investing in credit markets. Before joining Carmignac, Pierre Verlé (35) co-managed the distressed debt fund at Butler Investment Managers in London and was in charge of special situations investments for France and Benelux at Morgan Stanley. A former student of the Ecole Polytechnique (economics and mathematics applied to finance), Pierre Verlé holds a Master's degree in finance from HEC.
Keith Ney will now focus on the management of the Carmignac Sécurité fund (EUR 6.5 billion), which he has been managing since January 2013.
Julien Chéron and Pierre Verlé will take up their positions immediately.
Carmignac announces emerging equities team changes
Carmignac’s emerging equity fund managers Simon Pickard and Edward Cole will be leaving the company for different personal reasons.
Carmignac is delighted to announce the promotion of Xavier Hovasse and David Park, who currently manage Carmignac Emerging Discovery (CED), as fund managers of Carmignac Emergents (CE). Xavier Hovasse will also manage the emerging equities component of Carmignac Emerging Patrimoine (CEMP).