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Carmignac Adds Former NYC-Based Manager To Team In London
Tom Burroughes
2 July 2015
has added David Older to its ranks as a fund manager, having spent the past 12 years at SAC Capital/Point72 Advisors in New York, most recently as co-sector head of the communications, media, internet and technology group. In his new role, Older will work in London, along with Edouard Carmignac – founder of the business - and take charge of the global fund exposure to communications, media, internet and IT; he will also generate investment ideas for other portfolios. Prior to SAC Capital/Point72, he was an investment banking associate in the communications and media group at Morgan Stanley. Founded in 1989, Carmignac oversees more than €55 billion ($61.2 billion) of assets under management and operates from London, Frankfurt, Luxembourg, Milan, Madrid and Zurich.