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 Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Wealth Manager on Twitter