Carmignac bolsters alternative capabilities

Independent asset management firm, Carmignac has further strengthened its alternative investment offering with the appointment of merger arbitrage specialists, Ms Fabienne Cretin-Fumeron and Mr Stéphane Dieudonné. 

Carmignac has been expanding its alternative capabilities for the last few years. The addition of a merger arbitrage duo is in line with the growing demand from clients to diversify away from traditional asset classes into those offering low volatility, uncorrelated sources of returns with experienced risk management capabilities. 

Ms Fabienne Cretin-Fumeron and Mr Stéphane Dieudonné join Carmignac from Candriam where they successfully ran its merger arbitrage strategy. They benefit from a public consecutive 18-year track record managing this strategy together, first at ADI in 2004, then OFI Investment Asset Management in 2009 and then Candriam in 2018. Carmignac intends to launch two merger arbitrage funds with different volatilities managed by the duo, in the first half of 2023, targeting professional investors. 

Carmignac has a long history of running alternative investments with its Carmignac Portfolio Long Short European Equities fund. In line with its ambition to deepen its expertise, it announced the appointment of Jean-François Louvrier, as portfolio manager. In this universe, he is working to build an article 8 global equity fund which will integrate environmental and social criteria within the investment process. Carmignac aims to launch this fund in summer 2023.