Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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 Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter