Hints and tips:
...Carmignac Gestion, one of France’s highest-profile asset managers, has agreed to pay a €30m fine to authorities to settle an investigation into allegations of tax evasion....
...The investigation — first reported by French daily newspaper Le Monde and confirmed by the prosecutor’s office on Wednesday — concerns how some of its executives were paid through a Luxembourg-based subsidiary...
...On ne va pas se mettre nous citoyens de démocratie libre à être fascinés par la gestion de crise en régime autoritaire....
...Carmignac owns more than €200m of a €2bn bond from Altice Luxembourg, for example, and actually bought more of this debt at the end of last year, according to the filings....
...Two hires for the sales team at Carmignac Gestion, the Paris-based fund group....
...Jeans and open-necked shirts are the standard dress code and easyJet is the airline of choice for the 15 staff members of the Amsterdam-listed, Luxembourg-registered telecoms group....
...Mr Bechet was previously head of investment funds services at Banque Degroof Luxembourg....
...The bank received three government bailouts from France, Belgium and Luxembourg in 2008, 2011 and 2012 while a break-up plan was put in place....
...Number of employees 220 Offices Paris, Madrid and London, with subsidiaries in Luxembourg, Germany and Italy...
...It’s really up to [clients] to decide whether they want to be part of the project.” ——————————————- Curriculum vitae Laurent Tignard Born 1963 Education 1983-86 Institut Supérieur de Gestion, Paris...
...● Banque Internationale à Luxembourg has a new chief investment officer. Yves Kuhn was previously a senior investment manager in emerging markets at Swisscanto....
...Ms Muth does not believe Carmignac’s successful entry into the German market has driven other French firms, including Edmond de Rothschild Asset Management (Edram), Mandarine Gestion and Métropole Gestion...
...● Banque Degroof Luxembourg has hired Cecilia Chin as general manager for its new office in Hong Kong. Ms Chin used to head sales and investor relations at SAIL Advisors....
...In 1999, the group set up a Luxembourg subsidiary from which to expand outside France. Waiting 10 years to take that step shows “that we go slowly”, says Mr Le Coz....
...Mandarine Gestion says some fund platforms have told the French firm that they have stopped working with independent managers....
...From a standing start six years ago, La Française now has minority stakes in 16 affiliates with a combined €6bn of assets, including Metropole Gestion, a €2.5bn convertible bond specialist, Mandarine Gestion...
...Carmignac Gestion, the French independent fund house, has been raking in the money on the back of an apparent ability to avoid losing it....
...● Mischa Cornet has moved from Credit Suisse Asset Management to Carmignac Gestion. He will take on the role of head of distribution in Belgium, the Netherlands and Luxembourg....
...Mr Marchessaux has been involved in a number of mergers, including BNP Gestions and Paribas Asset Management in 1999....
...“Their risk management wasn’t good, but it was no worse than [that of] others,” says Ivan Lathouders, analyst at Bank Degroof....
...Meeschaert Gestion Privé has said it will reimburse clients who invested in Luxalpha, one of the main European funds affected by the Madoff scandal....
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