Carmignac Co-Founder Announces Retirement

Eric Hederlé, co-founder of Carmignac, is set to retire from the group he helped establish alongside Edouard Carmignac 35 years ago. This recent announcement signifies a significant shift in the leadership of the French fund house. As Hederlé steps down, Rose Ouahba, former head of fixed income, will step into a key role in the company's management.

Leadership change

Eric Hederlé, co-founder of Carmignac, retires from the company after 35 years. Hederlé, who also served as managing director of Carmignac Luxembourg, will remain a member of Carmignac's board of directors. To ensure an effective transition, Rose Ouahba was moved to the position of deputy general manager in late 2023, taking on increased responsibilities in distribution and marketing.

Ongoing renewal

Hederlé's departure coincides with ongoing efforts of renewal at Carmignac in recent months. In addition to his retirement, the announcement that David Older is retiring and Kristofer Barrett will take over sole management of the Carmignac Investissement fund and the equity portion of the Carmignac Patrimoine strategy marks another significant change in the fund management at the company. Furthermore, Malte Heininger will leave the group to establish his own fund house, though he will continue to be responsible for the Carmignac Portfolio Long-Short European Equity fund on a delegated basis, subject to regulatory approval.

Carmignac is in the process of renewing its teams, and this leadership change reflects the continuation of that strategy. The new leadership of the company will consist of Edouard Carmignac, Maxime Carmignac, Rose Ouahba, and Christophe Peronin. The transition to this new phase of leadership at Carmignac raises questions about the company's future and its investment strategy, which investors and analysts will be keen to monitor as the year progresses.