Carmignac rebrands Cash Plus fund
Carmignac has changed the name of its Cash Plus fund into Carmignac Capital Plus to reflect how this cash plus fund has evolved over recent years.
Carmignac Capital Plus is a multi-asset class international fund. Its objective is to outperform the Euro OverNight Index Average (Eonia) which represents the eurozone risk-free interest rate, by 2% annually and to control volatility in all market conditions.
Its active, non-benchmarked management process is based on highly flexible asset allocation. Three main investment strategies are applied: fixed income, credit and currencies. An additional equity strategy is also used, subject to a maximum exposure of 10% of the fund.
To counterbalance this freedom, the fund manages the risks linked to each asset class and applies an internal ex-ante volatility constraint (annual historical volatility) of 2.5%.
“In a low interest rate environment, Carmignac Gestion is reaffirming its position as a manager of investors’ savings by offering an innovative product, different from other two-year cash management products and liquidity funds on the market,” the firm said.
Carlos Galvis has managed the fund since October 2010 as part of the Fixed Income team. Since taking on this role, he has developed the fund’s philosophy by gradually placing risk monitoring at the heart of the investment process and introducing a quantitative approach that allocates a risk budget to the various strategies employed.
Galvis also co-manages Carmignac Sécurité alongside Keith Ney. He benefits from the cross-generation of ideas and macroeconomic analysis from the entire team of fund managers and analysts, helping him to pinpoint the best investment opportunities and sources of diversification.