Carmignac has appointed Mark Denham as head of European Equities. Based in London, he will assume management of the Carmignac Grande Europe and Carmignac Euro-Patrimoine funds, which totalled EUR418 million under management as of May 2106.
Denham will use an investment approach that combines fundamental and qualitative analysis, with an overall wealth planning focus. This long-term strategy is entirely in line with Carmignac’s investment culture.
Before joining Carmignac, Denham worked for thirteen years at Aviva Investors in London, where he was in charge of pan-European equities. He managed EUR5 billion in mandates since 2004 and in open-ended funds since 2012. Low portfolio turnover and good control of volatility are the hallmarks of his investment style. Prior to that, he was a European equities fund manager at Insight Investment and at National Mutual Life.
Edouard Carmignac, Founder and Chairman of Carmignac, says: “Our aim is to achieve robust, steady performance, based on a culture of long-term investing. This is at the essence of our Patrimoine investment approach. Mark understands this focus and his experience, track record and investment style make him the ideal leader to drive that ambition forward.”
Denham says: “I’m delighted to be joining Carmignac. Their culture and management style fit perfectly with my view of the sector.”
Denham will join Carmignac in October 2016.
