Carmignac is pleased to announce the appointment of Abdelak Adjriou as manager of the Carmignac Portfolio Global Bond fund. This global fixed income fund invests in interest rates, credit and currency strategies across the globe and implements a conviction-driven approach in all market conditions. The investment strategy of the 4-star Morningstar* rated fund remains the same. Abdelak joins Carmignac in Paris on the 1st of September and will report to Rose Ouahba.
Abdelak brings a solid global fixed income fund management experience with a flexible and active investment style. He joins Carmignac today from American Century Investment, where he has launched the Emerging Markets total return strategy and looked after Forex overlays for the whole fixed income range (USD 800 million of assets under management). In 2018, he was also entrusted with the management of a USD 1.2 billion unconstrained bond fund mandate.
Previously, Abdelak started his career by joining IBM in the United States in January 2001 and worked as a developer. In 2005, he joined HSBC Asset Management in Paris, first as a quantitative analyst in charge of hedging solutions. He then managed an Absolute Return Fund in developed markets before moving to New York to manage a total Return Emerging Market fund. Abdelak Adjriou holds a Master’s Degree in Stochastic Calculus from Jussieu Paris VII and a Master’s Degree in Computer Science from ESSI (ENSI Group).
Rose Ouahba, Head of fixed income at Carmignac, said: “We are delighted to welcome Abdelak within our investment team. His outstanding track record as a fund manager and expertise across developed and emerging markets, Forex, duration and credit allocation will be instrumental to the management of Carmignac Portfolio Global Bond, one pillar of our fixed income range, launched almost 15 years ago.”