FTFM Carmignac Gestion, the French independent fund house, has been raking in the money on the back of an apparent ability to avoid losing it.
In the past six months, investors have entrusted approximately €10bn (£9bn, $15bn) to the fund manager, pouring a large portion of it into Carmignac Patrimoine, the fund co-managed by Edouard Carmignac himself, which distinguished itself in 2008 with a 0.01 per cent gain.
