Carmignac appoints new equity chief

Carmignac appoints new equity chief

French asset manager Carmignac has appointed David Older (pictured) as head of Equities.

All the equity fund managers and equity analysts will report to him.

Older, who joined the firm as a senior fund manager in 2015, is responsible for evaluating and optimising portfolios performance from the point of view of alpha generation. He also extends his fund management to the entire US stock sector, commodities excluded.

Edouard Carmignac, founder of Carmignac, said: “David has provided us with significant global expertise in communications, information technology, media and Internet stocks, with considerable experience in Alpha generation and long-short management. He has helped us generate performance under various market conditions and has enhanced our risk management expertise. ”

In addition, Christophe Peronin, who joined Carmignac in 2010, is promoted to the position of deputy general manager, working alongside Eric Helderlé, general manager.

He remains in charge of the Operations department and continues to supervise the risk control. In his new role, he also assists the general manager in leading the strategic development committee and implementing its initiatives.