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Carmignac
Carmignac is a French asset management firm founded in 1989 by Édouard Carmignac and Éric Helderlé. The firm is wholly employee-owned and has $44 billion of assets under management as of 2021, according to Forbes. History After its founding in 1989 in Paris, the firm opened its first office abroad in Luxembourg in 1999. In 2008, offices were established in Madrid and Milan, followed by London (2012) and Zurich (2015). In 2000, Carmignac’s assets amounted to €1 billion, reaching €13 billion in 2007. The firm’s flagship fund, Carmignac Patrimoine, largely resisted the financial crisis of 2008, which led to an increase in assets in the following years, and it became one of the largest funds in Europe for a while, according to the FT. Recent developments In September 2018, it was announced that Édouard Carmignac would step down from running the Carmignac Investissement Fund, management of which passed to David Older. Edouard Carmignac announced in January 2019 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Édouard Carmignac
Edouard Carmignac (born 5 September 1947 in Paris) is a French entrepreneur. In 1989 he founded Carmignac, an independent and family-owned asset management firm, for which he has acted as chairman and CEO ever since. He founded Fondation Carmignac in 2000 to promote modern art and created the Carmignac annual photojournalism award in 2009. Early life and education Édouard Carmignac was born on September 5, 1947, in Paris to Pierre Carmignac and Simone Pinaud. He grew up in Peru, where his father ran an import-export business, and studied at a British school, Markham College, until the age of 12. He then received a master's degree in economics from the Sorbonne in 1969, followed by an MBA from Columbia University's Business School in 1972. Career After finishing his studies, Edouard Carmignac began his career in finance as a financial analyst at Blyth Eastman Dillon in 1972, a New York-based investment bank, where he "learned the ropes of the investment process" and remaine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crisis Of 2007–08
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open-ended Investment Company
An open-ended investment company (abbreviated to OEIC, pron. ) or investment company with variable capital (abbreviated to ICVC) is a type of open-ended collective investment formed as a corporation under the Open-Ended Investment Company Regulations 2001 in the United Kingdom. The terms "OEIC" and "ICVC" are used interchangeably with different investment managers favouring one over the other. In the UK OEICs are the preferred legal form of new open-ended investment over the older unit trust. As an open-ended company the manager must create shares when money is invested and redeem shares as requested by shareholders. As with other collective investments, ICVCs' main function is to make money for the shareholders. This is achieved via investing in different asset classes such as equities, fixed-interest investments, and property. By using economies of scale they facilitate access to professional investment management for small investors. OEICs were developed to be similar to Europe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equity (finance)
In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that developed in England during the Late Middle Ages to meet the growing demands of commercial activity. While the older common law courts dealt with questions of property title, equi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Strategy
In finance, an investment strategy is a set of rules, behaviors or procedures, designed to guide an investor's selection of an investment portfolio. Individuals have different profit objectives, and their individual skills make different tactics and strategies appropriate. Some choices involve a tradeoff between risk and return. Most investors fall somewhere in between, accepting some risk for the expectation of higher returns. Investors frequently pick investments to hedge themselves against inflation. During periods of high inflation investments such as shares tend to perform less well in real terms. Time horizon of investments. Investments such as shares should be invested into with the time frame of a minimum of 5 years in mind. It is recommended in finance a minimum of 6 months to 12 months expenses in a rainy-day current account, giving instant access before investing in riskier investments than an instant access account. It is also recommended no more than 90% of your money i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euronews
Euronews (styled on-air in lowercase as euronews) is a European television news network, headquartered in Lyon, France. The network began broadcasting on 1 January 1993 and covers world news from a European perspective. The majority of Euronews (88%) is owned by Portuguese investment management firm Alpac Capital,Portuguese investor will buy Euronews , Egypt's Sawiris to sell struggling broadca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Investment Officer
The chief investment officer (CIO) is a job title for the board level head of investments within an organization. The CIO's purpose is to understand, manage, and monitor their organization's portfolio of assets, devise strategies for growth, act as the liaison with investors, and recognize and avoid serious risks, including those never before encountered. Usage in the United States of America According to a press release on October 22, 2008, the United States Department of the Treasury named James H. Lambright to serve as the interim chief investment officer for the Troubled Asset Relief Program. "He will provide counsel to Secretary Henry M. Paulson, Jr. and Interim Assistant Secretary for the Office of Financial Stability Neel Kashkari as they develop and implement the program." Whenever the role of the chief investment officer is active within an insurance company (either life or non-life) and/or pension fund, the role is to manage and coordinate the investment, liquidity (trea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Citywire
Citywire is a London-based financial publishing and information group. It provides news, information and insight for professional advisers and investors globally. The company specialises in tracking the performance of fund managers. Citywire is a private holdings company with over 200 employees based in London, Milan, Munich, Singapore and New York. History Citywire was founded in 1999 by business journalists from the Independent on Sunday and the Mail on Sunday. In 2001 Reuters acquired a stake in the company. Alongside Reuters, Investor Clifford Gundle also holds a large stake in the company. The company began publishing magazines in 2003 and continues to add weekly and international titles to its catalog. It publishes a variety of magazines aimed at financial advisors and asset management firms, together with daily business news. Since its launch, Citywire has expanded to become a global operation with offices in Munich, Singapore, Milan and New York. There are currently ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Week
''Investment Week'' is an investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...s magazine that covers news, fund performance and sector analysis for investment professionals. The magazine was started by Incisive Media and the first issue appeared on 30 January 1995. The physical magazine ceased circulation on 28 March 2022 and has since become a digital-only publication. References External links Official website 1995 establishments in the United Kingdom Business magazines published in the United Kingdom Magazines established in 1995 Magazines published in London Weekly magazines published in the United Kingdom {{UK-business-mag-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia and it is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. Comprising the westernmost peninsulas of Eurasia, it shares the continental landmass of Afro-Eurasia with both Africa and Asia. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south and Asia to the east. Europe is commonly considered to be Boundaries between the continents of Earth#Asia and Europe, separated from Asia by the drainage divide, watershed of the Ural Mountains, the Ural (river), Ural River, the Caspian Sea, the Greater Caucasus, the Black Sea and the waterways of the Turkish Straits. "Europe" (pp. 68–69); "Asia" (pp. 90–91): "A commonly accepted division between Asia and E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Les Échos (France)
''Les Echos'' is the first daily French financial newspaper, founded in 1908 by the brothers Robert and Émile Servan-Schreiber. It is the main competitor of ''La Tribune'', a rival financial paper. History and profile The paper was established as a monthly publication under the name of ''Les Échos de l'Exportation'' by the brothers Robert and Émile Servan-Schreiber in 1908. It became a daily newspaper in 1928 and was renamed as ''Les Echos''. The newspaper was bought by the British media group Pearson PLC in 1988, and was sold to the French luxury goods conglomerate LVMH in November 2007. The publisher of the paper is Les Echos Le Parisien Médias. ''Les Echos'' has a liberal stance and is published on weekdays. The paper is headquartered in Paris and has a website which was launched in 1996. The paper publishes economical analyses by leading economists, including Joseph Stiglitz and Kenneth Rogoff. In September 2003, ''Les Echos'' switched from tabloid format to Berliner ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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