Carmignac boosts emerging market debt team

Carmignac has promoted Abdelak Adjriou and appointed fund manager Alessandra Alecci, intending to strengthen its emerging market debt team.

Adjriou and Alecci have a history of collaboration during their five-year tenure at American Century Investments, where they jointly managed the firm’s macro fixed income strategy. The collaboration also involved overseeing a versatile total return strategy focused on emerging market debt.

Together, they will manage the Carmignac Portfolio EM Debt fund.

The duo will allocate assets by evaluating the emerging market debt landscape, drawing upon their expertise in hard and local currency emerging market debt, frontier markets and currency trading.

Adjriou also became co-manager of the fixed-income element of Carmignac Portfolio Emerging Patrimoine, a diversified emerging markets fund. He will continue co-managing the Carmignac Portfolio Global Bond alongside Julien Chéron. 

Alecci will join Carmignac on 11 September and operate from Paris. 

Commenting on the appointment of a co-management team, Edouard Carmignac, founder of Carmignac, said: “They have a proven history of working successfully together, and I am confident that the pair is the right fit to take our emerging fixed income expertise to the next level while embodying the spirit of collaboration and debate encouraged at Carmignac.”

The duo will be supported by Carmignac’s broader fixed income and cross-asset team on macro analysis and sector analysts on in-depth company research. 

Carmignac Portfolio EM Debt and Carmignac Portfolio Emerging Patrimoine were previously managed/co-managed by Joseph Mouawad, who has left Carmignac. The investment process and objectives of the funds stay unchanged. 

© 2023 funds europe

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