Carmignac Capital Plus is a multi-asset international fund with the objective to outperform the Euro OverNight Index Average (Eonia) which represents the eurozone risk-free interest rate, by 2% annually and to control volatility in all market conditions.
Its active, non-benchmarked management process is based on highly flexible asset allocation.
Three main investment strategies are applied covering fixed income, credit and currencies. An additional equity strategy is also used, subject to a maximum exposure of 10% of the fund. To counterbalance this freedom, the fund carefully manages the risks linked to each asset class and applies an internal ex-ante volatility constraint (annual historical volatility) of 2.5%.
Carlos Galvis, manager of the fund since October 2010 as part of the fixed income team, has put more emphasis on risk monitoring and introduced a quantitative approach to the strategies employed. Galvis also co-manages Carmignac Sécurité alongside Keith Ney.
