Morningstar placed “under surveillance” the note of Carmignac Emerging (called “Bronze” previously) following the announcement by the departure of the management company of its managers Simon Pickard and Edward Cole (who were in charge this strategy since 2008), and pending a meeting with the new managers of the fund.
In a statement released Wednesday night, Carmignac announced the “promotion of Hovasse duo Xavier and David Park which to date manages-Carmignac Emerging Discovery (CED), as managers of Carmignac Emerging. “
According to Morningstar data, to February 24, Carmignac Emergents had an outstanding of 1 38 billion.
The funds Discovery EM, EM Heritage outstandings totaled 346 and 975 million euros respectively. Carmignac Emerging Pf (dollars) worth almost $ 126 million in assets.
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