Head of European equities departs Carmignac – Muhammed Yesilhark

Muhammed Yesilhark has finally bid adieu to the French asset management firm Carmignac, after ending his two year stint as the Group head of European equity.

Yesilhark officialy marked his exit on Friday March 18, while being placed at its London office since moving here from SAC Capital Advisors in January 2014.

The entry of Muhammed Yesilhark, along with other key members like Malte Heininger, Huseyin Yasar and Saiyid Hamid happened due to Carmignac taking over its entire European equity desk.

This gets followed by European equity head, Laurent Ducoin parting ways with Carmignac along with its entire team. Ducoin later got associated with French AM rival Amundi in March 2015.

It is quite implicit that the funds managed earlier by Yesilhark (pictured), the €210 million Carmignac Euro-Patrimoine and €254 million Carmignac Pfl Grande Europe funds, will regress to his co-managers Heininger and Yasar.

Carmignac has put its official confoirmation regarding  the departure but refrained from issuing any comment in the same regards. It is quite a possibility that the group must be looking forward to hire a replacement for Muhammed Yesilhark soon.