Independent asset management firm, Carmignac has added to its alternative investment offering with the appointment of merger arbitrage specialists, Fabienne Cretin-Fumeron and Stéphane Dieudonné, who both join the firm from Candriam.
Carmignac has been expanding its alternative capabilities for the last few years and the firm says the addition of a merger arbitrage duo is in line with the growing demand from clients to diversify away from traditional asset classes into those offering low volatility, uncorrelated sources of returns with experienced risk management capabilities.
Cretin-Fumeron and Dieudonné have been ruining a merger arbitrage together for 18 years, first at ADI in 2004, then OFI Investment Asset Management in 2009 and then Candriam in 2018. Carmignac now intends to launch two merger arbitrage funds with different volatilities managed by the duo, in the first half of 2023, targeting professional investors.
