Inside the Corner Office Inside the Corner Office | #5 Edouard Carmignac - Founder of Carmignac
Apr 28, 2025
Edouard Carmignac, the founder of one of Europe's few independent asset management firms, shares his journey from the 1989 financial deregulation to navigating market challenges. He discusses the vital role of empathy in leadership and the importance of maintaining a strong company culture built on trust. Carmignac emphasizes the significance of continuous learning and adaptability in a fast-evolving landscape, while also highlighting his commitment to art and journalism through the Fondation Carmignac as avenues for cultural engagement and truth-telling.
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Starting Carmignac in 1989
- Edouard Carmignac started his firm in 1989 after financial deregulation shifted the landscape.
- He saw an opportunity to provide independent, performance-driven asset management outside commercial banks.
Active Management's New Importance
- Clients now face a choice between passive investing and active, conviction-driven fund management.
- Europe's pension systems are under threat, making proper investment management critical for retirement security.
Performance Is Survival
- Deliver consistent performance to survive and thrive as an independent fund manager.
- Pressure to perform is constant and fundamental for Carmignac's raison d'être.