Carmignac has promoted Guillaume Rigeade, Eliezer Ben Zimra, Jacques Hirsch and Christophe Moulin to co-managers of its Carmigan Patrimoine fund, effective immediately.
They will work alongside head of equities David Older, who has been managing the equity portfolio of the multi-asset fund since 2018.
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Rigeade and Zimra will be responsible for the fixed income element of the portfolio, as well as foreign exchange management.
They have managed bond funds for more than 15 years, with a decade co-managing flexible funds, such as the Carmignac Portfolio Flexible Bond, which they have managed together since 2019.
Hirsch, who joined the firm from Ruffer, and Moulin will manage the fund's macro overlay, determine portfolio construction and implement risk management.
Chair Edouard Carmignac said: "With the return of the economic cycle, macroeconomics is back at the forefront. We are thus strongly reinforcing the management of Carmignac Patrimoine, formed around three performance drivers. I am pleased to bring together a range of skills and talents from across our investment team, alongside David Older to manage the strategy.
"Guillaume and Eliezer are renowned for the quality of their allocation across the fixed income asset classes on the global markets, while Jacques and Christophe are both extremely experienced in macro analysis implementation and risk assessment. These expert duos share a keen sense of collaboration. I have every confidence that this is the right set of skills to manage our flagship fund in the current environment."
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The expansion of the fund management team follows the promotion of Rose Ouahba to Carmignac's senior management team as managing director.
She will be responsible for overseeing the firm's distribution and marketing operations.
Ouahba joined Carmignac in 2007 to manage the bond component of the Patrimoine fund. Most recently, she served as head of fixed income at the company.
UK managing director Maxime Carmignac said: "Under Rose's leadership, Carmignac's footprint in the fixed income arena has expanded significantly with several blockbuster strategies emerging in recent years. She has proven to be a true business leader and demonstrated both an entrepreneurial spirit and passion for the company.
"Her strong vision and client-centric approach mean she is a natural choice to join the senior management team, now working to enhance our distribution and marketing proposition. I look forward to working with her as she brings her unique experience to this new leadership position."
