Smith and Fredriksson, who are highly experienced investors, join Carmignac from TT International where they co-managed a European long-short equity strategy. Since its launch in 2019, the strategy they previously managed delivered strong risk-adjusted returns, placing the fund in the top quartile of its category.

Smith and Fredriksson’s appointments represent Carmignac’s commitment to reinforcing its alternative offering and deepening its fund management expertise in this area. Over the last year, Carmignac has appointed six alternative specialists and strengthened its alternative fund range. Specifically, Smith and Fredriksson will boost the firm’s long-short European equity franchise which has grown significantly in recent years.

“Investors are increasingly turning to uncorrelated strategies to complement their core allocation. We’re pleased to continue hiring top-industry talent as we expand our alternatives proposition, building a full range of solutions designed to meet various investor requirements.

“Dean and Johan will be valuable additions to our growing alternatives team and the wider investment team. Their deep experience and risk management skills will be beneficial as we boost the capacity of our long-short proposition, in the interest of our clients,” Maxime Carmignac, managing director of Carmignac UK and head of strategic product development, said.