Carmignac announces internal promotions, strengthening its fund management capabilities

Carmignac, Europe’s leading independent asset manager, announces new developments to its fund management team composed of 45 fund managers and analysts.

In the equity team led by David Older, Carmignac is pleased to announce two promotions within the emerging market practice. Haiyan Li-Labbé is appointed to co-manager of Carmignac Emergents alongside Xavier Hovasse, head of Emerging Equities. Amol Gogate is appointed to co-manager of Carmignac Portfolio Emerging Discovery also alongside Xavier Hovasse.

Haiyan joined Carmignac in 2011 and is a fund manager and an analyst in charge of Greater China markets. Amol is an Asian Equities Analyst having joined Carmignac in 2019.

Moreover, Emmanuel Niogret who joined Carmignac in 2019 as manager of Carmignac Portfolio Alpha Themes has also been appointed to fund manager of Carmignac Portfolio Long-Short Global Equities.

David Older adds: “Emerging markets have always been a key focus for Carmignac, and we have built up an excellent practice. Haiyan Li-Labbé and Amol Gogate have both bolstered our EM expertise, helping us take advantage of opportunities in the Asian equity market. Throughout their tenure, they have worked closely with Xavier Hovasse and we see their promotions as a natural step to reinforce our investment capabilities”.

In the Fixed Income team, led by Rose Ouahba, Carmignac is pleased to announce a few planned adjustments, essentially driven by the very promising ramp-up of the Patrimoine range and the addition of highly experienced and talented professionals within the team.

Hence, Marie-Anne Allier is now the sole fund manager of Carmignac Sécurité, one of Carmignac’s largest strategies with almost 10 billion euros in Assets Under Management and a thirty year track-record. Marie-Anne has been co-managing Carmignac Sécurité since she joined Carmignac in April 2019 and has more than thirty years of successful experience as a fixed income fund manager.

Keith Ney, who was previously co-managing Carmignac Sécurité with Marie-Anne will now focus on the management of Carmignac Portfolio Patrimoine Europe, which he has been running since the fund was created 3 years ago alongside Mark Denham, Head of European Equities.

The investment strategies of both Funds as well as the resources available to the portfolio managers remain unchanged as Marie-Anne Allier and Keith Ney stay respective back-ups, supported by Aymeric Guedy, Euro Fixed Income analyst who has been working with Keith and Marie-Anne on Carmignac Sécurité since 2018.

Moreover, Carmignac Portfolio Emerging Patrimoine is now co-managed by Joseph Mouawad and Xavier Hovasse, who have been managing the fund together for almost 3 years. Additionally, Carmignac announces the launch of Carmignac Portfolio Unconstrained EM Debt, managed by Joseph Mouawad. The fund is a socially responsible investment fund investing in local and external emerging markets’ debt and currencies. Its flexible and opportunistic approach enables the fund to follow a largely unconstrained, conviction-driven allocation strategy seeking to uncover the various opportunities emerging markets have to offer, in all market conditions.

Rose Ouahba concludes: “Over the years we have built up a very strong fixed income team responsible for managing a focused range of products. The collaborative approach within the team not only nurtures emerging talent but fosters a culture of blended expertise. These new adjustments have been planned with the objective of reinforcing this tight-knit team of experts.

Marie-Anne appreciates the high expectations of Carmignac Sécurité’s investors and its dual mandate designed to combine attractive returns and disciplined risk management. Since joining Carmignac in 2015, Joseph has demonstrated all the necessary qualities as head of our emerging bond practice. We believe we are now ready to navigate fixed income markets in 2021 and beyond.”

The investment strategy of the funds mentioned above remains unchanged.