Carmignac hires manager to take over Market Neutral fund

Carmignac Gestion has hired Vincent Steenman from Zadig Asset Management to take over management of its Market Neutral fund from Maxime Carmignac.

Carmignac will hand over Carmignac Market Neutral to Steeman on 1 January 2013, at which point the former will take maternity leave. She will take on separate managerial responsibilities at Carmignac upon her return to work. Steenman will join Carmignac's alternative strategies team, working alongside Carmignac Euro Patrimoine manager François-Joseph Furry, having worked at alternatives manager Zadig for more than five years. Carmignac Market Neutral, which sits in the IMA Specialist sector, was launched at the end of 2010. It has returned 0.9% over the year to 23 November, accordi...