Carmignac further strengthens its alternative investment team with the appointment of Karna Sethia as a quantitative analyst.
Karna joins Carmignac from ExodusPoint where he was a data scientist responsible for designing, engineering and building quantitative analysis tools. Prior to ExodusPoint, Karna worked at Morgan Stanley in London as a data engineer, leading specialist products for the firm’s alternative-data research team. He has a Master of Engineering in Electrical and Electronic Engineering with Management from Imperial College London.
In the alternative space, Carmignac has a long history of running long-short equity products with Carmignac Portfolio Long-Short European Equities first launched in 1997. The fund is top quartile in its Morningstar category over 1, 3 and 5-year periods¹ and integrates environmental and social criteria within its investment process (also referred to as Article 8 under the European Sustainable Finance Disclosure Regulation).
Karna’s arrival furthers Carmignac’s strategy to expand its alternative offering in line with growing demand for differentiated and uncorrelated sources of returns. As such, Karna will primarily support Jean-François Louvrier, a portfolio manager who joined Carmignac in May 2022. The pair will work together to build an Article 8 global equity market neutral fund that will add data science to its process to assess global opportunities. The fund is currently being developed in Carmignac’s product development “LAB” and is not currently available to external clients.
Karna is based in London and reports to Jean-François Louvrier.
David Older, Head of Equities at Carmignac comments:
“Karna has a strong background in data science and analysis and is a valuable addition to our investment team as we set high ambitions for our alternatives range. As with all new Carmignac products, the global equity market neutral fund Karna will contribute towards has been placed in our “LAB”. This incubator has been created to foster fund range diversification, allow adequate time for nurturing and assessment, and implement any learnings before launching for clients.”
¹ As at 29/07/2022 vs Morningstar Long/Short Equity Category average