Carmignac History and Modern Success

Carmignac has a rich history that spans over 100 years, dating back to its founding in 1946 by Edmond de Rothschild.

The company was initially established to manage the assets of the de Rothschild family, and it quickly gained a reputation for its conservative investment approach.

Carmignac's focus on long-term value creation has been a hallmark of its success, allowing it to navigate market fluctuations with ease.

Today, Carmignac is a leading global asset manager with over $100 billion in assets under management, serving thousands of institutional and individual clients worldwide.

Carmignac was founded in 1989 in Paris.

The firm opened its first office abroad in Luxembourg in 1999.

By 2000, Carmignac's assets had already reached €1 billion.

In 2007, assets had grown to €13 billion.

Carmignac established offices in Madrid and Milan in 2008.

London and Zurich offices followed in 2012 and 2015, respectively.

The flagship fund, Carmignac Patrimoine, largely resisted the financial crisis of 2008, leading to an increase in assets in the following years.

Carmignac Today is a global investment manager with a rich history dating back to 1989, when Edmond de Rothschild hired Bernard de Rothschild to launch the first Carmignac fund.

The firm has since grown to become one of the largest independent asset managers in Europe, with over $130 billion in assets under management.

Carmignac's investment philosophy is built on a long-term approach, focusing on active management and a disciplined investment process that seeks to deliver consistent results for clients.

Carmignac has been actively expanding its presence in the European market beyond France. In May 2019, the firm launched six new OEICs funds in the United Kingdom.

The company's investment strategies have also been growing, with a total of 21 funds managed as of 2019. These funds include equity and fixed income management.

Carmignac has been focusing on sustainable investment, with three of its funds certified with the French SRI label in 2019. This label is a certification for sustainable investment vehicles.

The firm has also been introducing new funds to cater to different investor needs. In June 2019, Carmignac launched the Carmignac Portfolio Grandchildren fund and the Carmignac Portfolio Family Governed fund, which aim to provide financial security to children.

Here are some key performance indicators for some of Carmignac's funds:

In September 2018, Édouard Carmignac stepped down from running the Carmignac Investissement Fund, with management passing to David Older.

A major change occurred in January 2019, when Edouard Carmignac announced he would step down as portfolio manager of the Carmignac Patrimoine fund after 30 years.

Rose Ouahba and David Older succeeded Carmignac as dual leads of the Fund, and he maintained his role as a member of the strategic investment committee and chief investment officer (CIO).

The company agreed to pay a €30 million settlement under a public interest judicial agreement in June 2019, following a public interest judicial agreement with the National Financial Prosecutor's Office.

Carmignac is a French asset management company that was founded in 1989 by Edouard Carmignac.

The company is headquartered in Paris, France, and has been operating for over 30 years.

Carmignac offers a range of investment solutions to its clients, including equity, fixed income, and alternative investments.

The company has a strong focus on long-term investment and has a proven track record of delivering consistent returns to its clients.

Carmignac has a global presence with offices in several countries, including Europe, Asia, and the Americas.

The company's investment approach is guided by its core values of independence, integrity, and a long-term perspective.

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