Edouard Carmignac Steps Back from Fund Management

Carmignac Patrimoine's veteran manager Edouard Carmignac has relinquished his portfolio management duties on the flagship fund. Analysts will review the fund's rating

Mara Dobrescu 24 January, 2019 | 8:18AM

Eduoard Carmignac is stepping back from fund management Carmignac is based in Paris France

In January 2019, Carmignac Gestion announced that Carmignac Patrimoine's veteran manager Edouard Carmignac has relinquished his portfolio management duties on the strategy. The fund is now in the hands of co-portfolio managers Rose Ouahba, who had previously run its fixed-income sleeve for more than a decade, and David Older, who took charge of the equity sleeve in September 2018.

Edouard Carmignac remains a member of the firm's strategic investment committee, alongside Ouahba, Older, Frédéric Leroux, and Didier Saint-Georges, but will no longer be involved in the day-to-day management of Carmignac Patrimoine.

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About Author

Mara Dobrescu

Mara Dobrescu  is a fund analyst at Morningstar France.

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