Carmignac appoints top-performing equity Manager for Flagship Strategies
Carmignac has appointed Kristofer Barrett, a top-performing global equities manager to its London-based investment team. He will join the business on 8 April 2024.
Kristofer will take over management of the Carmignac Investissement strategy and the equity portfolio of the Carmignac Patrimoine strategy. Kristofer will also join the firm’s strategic investment committee.
This appointment coincides with the decision by David Older to retire. He will leave the business on 4 April 2024. Mark Denham, an accomplished equities investor who has managed European and global equity funds at Carmignac since 2016, will become head of equities.
On the Carmignac Patrimoine strategy, Kristofer will work alongside two expert duos, in line with the strategy’s team approach, consisting of three performance drivers (equity selection; fixed income and currency management; and macro-overlay, portfolio construction and risk management).
Kristofer is a US and Swedish national. He studied business and finance at Uppsala University and joins Carmignac from Swedbank Robur, where he worked since 2006 running several developed and emerging market equity funds. In April 2016, Kristofer took over management of a now Morningstar five-star rated €10 bn global equities strategy and in March 2020, he was appointed manager of a now Morningstar five-star rated €12.8 bn technology equity strategy1.
Kristofer is a seasoned, active stock picker. His proven approach of combining in-depth company research with pragmatic macro analysis has resulted in an outstanding long-term track record. During his tenure as manager of the global equity fund (starting April 2016) he delivered an outperformance of 133% and 145% versus the index and category average, and assets grew nearly five-fold2. Similarly, during his management of the technology equity fund (starting March 2020) the fund outperformed the index and category average by 105% and 89% and assets nearly tripled3.
Edouard Carmignac comments: “Kristofer’s appointment is a testament to Carmignac’s attractiveness to entrepreneurial-minded individuals, with a passion for active, conviction-driven investing. His track record is extremely impressive and I’m convinced his tried and tested process will prove to be highly beneficial for our clients over the long term.
I’d also like to thank David Older for his contribution to the business. He’s played an integral role in the development of Carmignac’s equity structure. I’d like to wish him the best for the future.”
Kristofer Barrett adds: “The coming years are set to be pivotal for equity markets. I am convinced that active management – and the ability to put conviction investing to work - is the key to success in this changing environment. Carmignac is renowned for its contrarian approach and I look forward to joining its accomplished fund management team.”
David Older concludes: “After nine fulfilling years at Carmignac, now is the right time for me to retire. I’m leaving the team, and funds, in safe hands and look forward to watching Carmignac’s continued success.”
Performance of Kristofer Barrett’s Swedbank Robur funds
Past performance is not a guide to future performance
201/04/2016 – 31/01/2024. Strategy = 255.2% Index (MSCI ACWI) = 121.9%, Category average (Global Large Cap Growth Equity) = 110.5%. Assets = €1.8 bn to €10 bn. Performance measured in Euro.
301/03/2020 – 31/01/2024 .Strategy= 140.6%, Index (MSCI World/IT Services) = 35.9%, Category average (Sector Equity Technology) = 51.9%. Assets = €4.6 bn to €12.8 bn. Performance measured in Euro.
Carmignac Patrimoine A EUR Acc
- Recommended minimum investment horizon
- 3 years
- Risk indicator*
- 3/7
- SFDR - Fund Classification**
- Article 8
*Risk Scale from the KID (Key Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time. **The Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 is a European regulation that requires asset managers to classify their funds as either 'Article 8' funds, which promote environmental and social characteristics, 'Article 9' funds, which make sustainable investments with measurable objectives, or 'Article 6' funds, which do not necessarily have a sustainability objective. For more information please refer to https://eur-lex.europa.eu/eli/reg/2019/2088/oj.
Main risks of the fund
Fees
- Entry costs
- 4,00% of the amount you pay in when entering this investment. This is the most you will be charged. Carmignac Gestion doesn't charge any entry fee. The person selling you the product will inform you of the actual charge.
- Exit costs
- We do not charge an exit fee for this product.
- Management fees and other administrative or operating costs
- 1,51% of the value of your investment per year. This estimate is based on actual costs over the past year.
- Performance fees
- 20,00% max. of the outperformance once performance since the start of the year exceeds that of the reference indicator and if no past underperformance still needs to be offset. The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years, or since the product creation if it is less than 5 years.
- Transaction Cost
- 0,63% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the investments underlying the product. The actual amount varies depending on the quantity we buy and sell.
Carmignac Investissement A EUR Acc
- Recommended minimum investment horizon
- 5 years
- Risk indicator*
- 4/7
- SFDR - Fund Classification**
- Article 8
*Risk Scale from the KID (Key Information Document). Risk 1 does not mean a risk-free investment. This indicator may change over time. **The Sustainable Finance Disclosure Regulation (SFDR) 2019/2088 is a European regulation that requires asset managers to classify their funds as either 'Article 8' funds, which promote environmental and social characteristics, 'Article 9' funds, which make sustainable investments with measurable objectives, or 'Article 6' funds, which do not necessarily have a sustainability objective. For more information please refer to https://eur-lex.europa.eu/eli/reg/2019/2088/oj.
Main risks of the fund
Fees
- Entry costs
- 4,00% of the amount you pay in when entering this investment. This is the most you will be charged. Carmignac Gestion doesn't charge any entry fee. The person selling you the product will inform you of the actual charge.
- Exit costs
- We do not charge an exit fee for this product.
- Management fees and other administrative or operating costs
- 1,50% of the value of your investment per year. This estimate is based on actual costs over the past year.
- Performance fees
- 20,00% max. of the outperformance once performance since the start of the year exceeds that of the reference indicator and if no past underperformance still needs to be offset. The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years, or since the product creation if it is less than 5 years.
- Transaction Cost
- 1,09% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the investments underlying the product. The actual amount varies depending on the quantity we buy and sell.
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