Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Carmignac replaces entire European equity team

Carmignac replaces entire European equity team

Carmignac Gestion has kicked off 2014 by replacing its three-strong European equity team with a quartet from a London-based investment firm, Citywire Global can reveal.

The European equity team, which was previously led by Laurent Ducoin and included co-managers Samir Essafri and François-Joseph Furry, has left the Paris-based firm.

The new recruits join from London-based boutique SAC Global Investors and will be led by Muhammed Yesilhark, who joins the group alongside three analysts Malte Heininger, Huseyin Yasar and Saiyid Hamid.

The Carmignac Grande Europe, Carmignac Euro-Patrimoine fund and Carmignac Euro-Entrepreneurs will be run by the new team which is based in Carmignac Gestion’s recently opened London office headed up by Maxime Carmignac.

Carmignac Gestion’s spokesperson and investment committee member Didier Saint-Georges, said: ‘The idea with these new appointments is we wanted to put into place a similar setup we have got in the other asset classes we invest in like emerging markets and natural resources.’

‘The new team are truly bottom up investors and real stockpickers, that is what we look for. We expect them not only to generate strong performances on our European products but also to contribute their expertise to our overall asset allocation strategy.’

The former head of European equity at Carmignac Gestion, Laurent Ducoin, joined the firm back in October 2011 from BlackRock. His colleague Samir Essafri had spent three years with the group while François-Joseph Furry had joined in 2008.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Play Japan's slump, the umbrella revolution and the battle for Brazil

Japan's slump, the umbrella revolution and the battle for Brazil

With the arrows of Abenomics appearing to be missing their targets and political uncertainty rife in Hong Kong and Brazil we take a look at investor sentiment in this week's Investment Pulse

Your Business: Cover Star Club

Profile: The adviser that tempted Robin Minter-Kemp on board

Profile: The adviser that tempted Robin Minter-Kemp on board

It is rare to meet an impassioned individual who is willing to bang the drum for investment advisory right now

Wealth Manager on Twitter