Carmignac Gestion set to expand into the UK

French asset management firm Carmignac Gestion has announced its intention to expand into the UK market this year.

The firm, founded by Edouard Carmignac in 1989, has grown to be one of France’s most successful asset managers, with some €55bn in assets under management at the end of December 2010. In its annual meeting with investors and advisors, Carmignac says the time was ripe now to tackle the UK, having established the public limited company in its home market of France, as well as expanding into Luxembourg (1999), Italy (2002), Switzerland (2003), Germany (2004), Spain (2005), Netherlands (2006), Austria (2009) and both Sweden and Singapore (2010). The Paris-based firm has 160 employees, ...