Stockholm (HedgeNordic) – Kristofer Barrett, the former portfolio manager of the multi-billion-dollar Swedbank Robur Technology fund, has returned to managing a technology-focused equity fund. After joining French asset manager Carmignac in April, Barrett will now oversee the Carmignac Portfolio Tech Solutions fund. As an Article 9 fund under the Sustainable Finance Disclosure Regulation (SFDR), this fund is one of the few tech funds in Europe with a sustainable investment objective.
“Our technology fund is designed to capture today, the growth of tomorrow by investing sustainably in companies with superior management creating indispensable products, driving innovation and providing solutions for a changing world,” says Barrett. He managed Swedbank Robur’s technology equity strategy from March 2020 to February this year before joining Carmignac in April. Swedbank Robur Technology oversees about SEK 163 billion in assets under management. At Carmignac, Barrett has been managing the global equity strategy, Carmignac Investissement, and co-managing the flexible multi-asset strategy, Carmignac Patrimoine.
“Our technology fund is designed to capture today, the growth of tomorrow by investing sustainably in companies with superior management creating indispensable products, driving innovation and providing solutions for a changing world.”
Kristofer Barrett
Carmignac Portfolio Tech Solutions employs a blended approach that integrates a growth-focused investment strategy with value opportunities. Barrett strives to maintain a flexible and concentrated portfolio, investing in companies of all market capitalizations with a bias towards the US and Asia to cover the full innovation value chain. According to the Carmignac team, the sector is experiencing renewed acceleration, catalyzed by artificial intelligence (AI) fostering new leaders and expanding boundaries, marking the onset of a fresh technology cycle.
“With technology becoming more pervasive, we believe Kristofer is the ideal portfolio manager to navigate this unchartered phase.”
Maxime Carmignac, Chief Executive Officer of Carmignac UK and head of strategic product development at Carmignac.
“Technology has been a high conviction investment theme at Carmignac for many years. With technology becoming more pervasive, we believe Kristofer is the ideal portfolio manager to navigate this unchartered phase,” comments Maxime Carmignac, Chief Executive Officer of Carmignac UK and head of strategic product development at Carmignac. “He has demonstrated his great stock-picking abilities in both rising and declining markets, resulting in considerable and consistent outperformance,” she adds. “I am looking forward to introducing this new investment solution to our clients, many of whom are eager to gain exposure to tomorrow’s tech champions via a highly selective approach.”
