Carmignac Gestion Group has appointed four-man European equities team, headed by Muhammed Yesilhark.
The team is based in Carmignac Gestion Luxembourg’s London branch and will assume management of EUR1.6bn of European funds: Carmignac Grande Europe, Carmignac Euro-Patrimoine and Carmignac Euro-Entrepreneurs.
Yesilhark and his team previously managed a large European equity portfolio for four years at SAC Global Investors’ London office.
Carmignac Gestion Group’s founder and chairman, Edouard Carmignac, says: “We’re bringing on board a talented team under Muhammed Yesilhark’s leadership to underscore our commitment to generate strong investment performance in European equities. The objective is to raise our European funds to first quartile. Their experience in long-short management will help us to perform in all market conditions and will complement our risk management. Muhammed Yesilhark and his team will also contribute to the firm by originating investment ideas for use across the Carmignac Gestion Group funds range.”
Yesilhark started as an analyst at Lazard in Frankfurt. He then helped to build York Capital’s hedge fund business for five years before joining SAC in 2009.
Yesilhark will run the Carmignac Grande Europe fund and the long-short Carmignac Euro-Patrimoine fund.
Yesilhark will co-manage the small and mid-caps Carmignac Euro-Entrepreneurs fund with Malte Heininger who has been working with Yesilhark for more than three years and is a former investment banker at Morgan Stanley.
The team also includes two analysts. Huseyin Yasar joined Yesilhark’s team in 2011 from Goldman Sachs’ M&A division. Saiyid Hamid worked for three years at Private Equity firm TA Associates, and graduated from Harvard Business School before joining Yesilhark’s team at SAC in 2013.