Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Exclusive: Pictet changes PM line-up on giant Robotics fund

Exclusive: Pictet changes PM line-up on giant Robotics fund

Pictet Asset Management has changed the manager line-up on its giant Robotics fund with one of the founding managers stepping back, Citywire Selector can exclusively reveal.

Karen Kharmandarian oversaw the launch of the Luxembourg-domiciled fund in the summer of 2015, with Citywire AAA-rated Peter Lingen joining on the approach later the same year.

Kharmandarian has now stepped down from the fund and assumed a new role within the thematic equities team. He took up the post on August 1 and will now promote the firm's best ideas thematic strategy.

Replacing Kharmandarian on the fund is John Gladwyn, who was most recently an analyst at Polar Capital, where it is understood he worked as part of the team overseeing the UK group’s flagship technology funds.

Gladwyn joined Pictet this month after two years with Polar Capital and previously worked for BlackRock as an analyst between 2008 and 2014.

The fund remains closed to new investors and the investment philosophy, which focuses on innovations in robotics and artificial intelligence, remains the same despite the portfolio manager change.

Citywire Selector broke the news earlier this year that the Swiss group had imposed soft-close measures on the specialist fund after seeing a huge surge in investor interest.

This saw the Pictet-Robotics fund race to have over €3 billion in assets under management just 18 months since its inception. The fund now boasts €4.18 billion in assets with existing shareholders having added to their exposure.

The Pictet-Robotics fund returned 35.1% in the 22 months since launch, which compares to a 14.8% rise by its Citywire-assigned benchmark, the FTSE World TR USD, over the same period.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2016

    Citywire DACH 2016

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Switzerland 2016

    Citywire Switzerland 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016