Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Carmignac commodities head steps down

Carmignac commodities head steps down

Carmignac Gestion's David Field (pictured left) has stepped down as head of commodities to take a sabbatical after ten years with the firm.

He has been replaced by Michael Hulme, who joins the Paris-based group from Lombard Odier, and will assume responsibility of the Carmignac Commodities fund and its commodities team.

Over the past three years to the end of December 2013, the fund has struggled in a difficult environment for commodities having lost 33.06% while its benchmark, the Dow Jones Commodity TR , fell 22.4% over the same period.

Hulme (pictured left) has 17 years' investment experience, including 14 years in resource-focused equities.

During his time at Lombard Odier, he ran the Lombard Odier Global Energy fund which he launched in 2010.

He will be based in Carmignac's London office, which also includes fellow new recruits Muhammed Yesilhark and his European equities team, who joined at the start of the year.

Prior to working at Lombard Odier, Hulme was at MFS International, where he helped launch its Global Energy fund in 2009 and also managed the energy component of  the MFS European Equity fund.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Michael Charles Hulme
Michael Charles Hulme
14/29 in Equity - Natural Resources (Performance over 1 year) Average Total Return: -10.63%
David Field
David Field
Muhammed Yesilhark
Muhammed Yesilhark
Citywire TV
Play Hugh Yarrow: Why the equity income sector needs fixing

Hugh Yarrow: Why the equity income sector needs fixing

Hugh Yarrow's Evenlode Income fund was recently removed from the Investment Association's UK Equity Income sector.

Play GAM charity football tournament: the live draw

GAM charity football tournament: the live draw

Former Chelsea and England footballer Graeme Le Saux visits Citywire to make the draw for the tournament, where all proceeds going to Wheels for Wellbeing.

Play FIFA, Panama Papers…and what everyone’s getting wrong

FIFA, Panama Papers…and what everyone’s getting wrong

VIDEO: Investigative reporter Jeffrey Robinson reveals how major corruption scandals are being mishandled and what to expect next.

Your Business: Cover Star Club

Profile: JPM Wealth MD on breaking the glass ceiling

Profile: JPM Wealth MD on breaking the glass ceiling

During her tenure at JP Morgan, the private bank has changed the way it segments clients in a bid to improve focus

Wealth Manager on Twitter