The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

The investor who tried to pull the plug

The noise around Petrobras’s offering piqued the interest of some of the world’s leading investors, including a certain George ­Soros. But for one fund manager, the volume proved too distracting.

Edouard Carmignac, founding member, chairman and chief executive of Carmignac Gestion, an asset management company with more than €50 billion under management

Edouard Carmignac: prefers his music unplugged

Amid the tough questioning and long days, the tone was reported to be constructive, informal and productive. There were also moments of light relief. One banker recalls a lunch meeting in the restaurant of a Paris hotel to pitch to Edouard Carmignac, founding member, chairman and chief executive of Carmignac Gestion, an asset management company with more than €50 billion under management. Early into the meeting, Carmignac noted that the music being played in the room was rather loud, called over one of the waiters and requested that the volume be lowered. The waiter mumbled something and left, the meeting continued, but so did the music at its original volume. Carmignac again summoned a waiter, this time requesting a little more forcefully that he would like the music to be turned down. Again the waiter left, again the music stayed at the same volume. Visibly annoyed, and struggling to concentrate on the presentations in front of him, Carmignac asked for the manager and requested him "to fucking well turn that music down.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree