Hulme joins Carmignac’s commodities team

Michael Hulme is joining Carmignac Gestion as commodity equities fund manager taking over the management of the €670m Carmignac Commodities fund

He replaces David Field who is taking a sabbatical after 10 years running the commodity team. His appointment to the commodities team which will be based in London, follows the arrival of analyst Simon Lovat in March 2011.

Hulme has been in the industry for 17 years, including 14 years in resource-focused equities. Before joining Carmignac Gestion, he managed the Lombard Odier Global Energy Fund, a 4 star Morningstar fund which ranked 4TH out of the 194 funds in its category over his 3 years’ tenur, according to Morningstar. He launched the fund in 2010.

Hulme previously worked at MFS International, where he launching its Global Energy Fund in 2009.  He also managed the energy component of the MFS European Equity Fund, and MFS Research International Fund. Prior to this, he was a fund manager at Société Générale Asset Management. 

Carmignac Gestion Group founder and chairman Edouard Carmignac says: “We are pleased to welcome Michael Hulme on board. His extensive knowledge in commodities right across the value chain and outstanding track record will be a strong asset to the investment team.”