Carmignac Gestion, the French asset manager, has strengthened its commodities team with the appointment of Simon Lovat.

Lovat has ten years’ experience in the financial industry and previously worked co-managing a commodities fund for the entrepreneurial firm Gaia Capital Advisors in Geneva.

The team, led by David Field, will contribute to what the firm views as a key investment theme: growing demand for natural resources in a world facing supply shortages. 

In January of this year, Carmignac Gestion added an analyst to its Asia team, two sales persons to its Swiss team and launched a new emerging market fund.

Carmignac Gestion manages €55 billion (around $77 billion) in assets and has 18 funds across all asset classes.