Carmignac launches European equity fund led by new hire Frédéric Jeanmaire
What's the deal? French asset manager CarmignacDealroom has a profile for this one. Try Dealroom → has launched the Carmignac Portfolio Invest EuropeDealroom has a profile for this one. Try Dealroom →, a European equity fund focused on quality growth companies. Frédéric Jeanmaire, who joined the firm in early 2026, will manage it.
The fund's details: The vehicle targets a diversified portfolio of companies with strong competitive positions, transformation potential, and the ability to generate long-term value. It also covers emerging Europe.
The new hire: Jeanmaire spent 12 years managing a pan-European fund before moving to Carmignac. That strategy held a consistent five-star MorningstarDealroom has a profile for this one. Try Dealroom → rating; since he took it over in September 2014, it returned a net 217.8%, beating its benchmark, the MSCI Europe Index, by 73.5% and its category average by 109%.
Why now? Carmignac is pitching the fund as active-management diversification away from a US market that is heavily concentrated in AI-linked companies.
"The new fund will offer investors an active-management alternative that allows them to diversify their exposure versus the US market," said Maxime Carmignac, chief executive officer of Carmignac UKDealroom has a profile for this one. Try Dealroom → and head of strategic product development. She added it would help "build more balanced portfolios and reduce concentration risk." (translated from Spanish)
The signal: European equity strategies are being repositioned as a hedge against the crowded US market. Carmignac is betting a proven stock-picker and a European focus can win allocations from investors wary of concentration.
Read more: forbes.es
Image credit: Generated with Gemini
