Carrousel Capital Principal

Bruno Sanglé-Ferrière - has been involved in the financial services industry since 1990 when he joined Société Génerale Securities (North Pacific) in Tokyo as an intern studying cash and carry arbitrages over bonds and stocks. In 1991 he was put in charge of trading cash and carry arbitrage on the Nikkei 225 and Topix indices. In December 1992 he transferred to Société Génerale de Valores in Madrid where he oversaw the installation of a program trading desk and settlement of the derivatives department. In March 1993 he transferred to SGST Equity Derivatives in London where he oversaw the installation of a program trading desk for cash-future arbitrage. He then traded Swedish OMX and Dutch AEX index options. In December 1994 he became head of non standard arbitrage, mainly taking positions on undervalued closed end funds. Mr Sanglé-Ferrière left Société Génerale in July 2000 to set up the Investment Manager.