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Carmignac Gestion strengthens Luxembourg presence

The French asset manager says that the move is unrelated to founder's criticism of tax policies proposed by Francois Hollande

Carmignac Gestion, the French asset manager, is planning to strengthen its Luxembourg presence and make senior appointments in the country.

The firm's local subsidiary is to request approval from Luxembourg regulators to become a management company, which will then take charge of one of the firm's funds.

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