Antoine Colonna

Senior Global Consumer Research Analyst @Carmignac

Paris, FR

Extensive consumer coverage (luxury goods, gaming, aggregators, marketplace & payment verticals, autos, airlines, FMCG, general & food retailers, staples) of 15-20% of global funds’ equity investments or €3-4bn- Mandate includes the full responsibility of short positions for global funds since 2018 when generated an alpha of €31m (capital €200m - hit ratio 68%- Return 13.3%)- I lead our research effort, which starts with the identification of global consumer aspirations- Provide E. Carmignac and other PMs a quantitative/qualitative assessment and competitive implications of business model strategies in all consumer verticals- Examples of due diligence include identifying key retail trends and anticipating the emergence of Amazon/Alibaba/JD’s disintermediation, price deflation but also defragmentation of retail in the US/China or Mercadolibre/B2W’s as dual ecommerce/payment eco-system in LatAm-Also responsible for Carmignac positions in select strategic non-consumer sectors (robotic surgery, US healthcare distribution, maintenance repair & supply operators).