Carmignac launches global credit fund

The fund will follow a flexible and opportunistic style enabling it to implement an unconstrained and conviction-driven allocation. It will invest across the entire credit spectrum to ensure maximum flexibility while combining macroeconomic analysis and rigorous bottom-up selection to aim for an optimal risk/return profile along the credit cycle. Co-managers Pierre Verlé, head of credit, and fixed income manager Alexandre Deneuville will be supported by the wider 12-strong fixed income team, which includes both fund managers and analysts. Edouard Carmignac steps down from €14bn Patrim...