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He has been replaced by Michael Hulme, who joins the Paris-based group from Lombard Odier, and will assume responsibility of the Carmignac Commodities fund and its commodities team.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.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: Rathbone's Newcastle boss on the road to £1bn

Profile: Rathbone's Newcastle boss on the road to £1bn

Starting from zero assets on day one, Rathbone's Newcastle team now looks after just over £400 million in clients money

Wealth Manager on Twitter