Carmignac Hires SAC Equity Team to Oversee 1.6 Billion Euros
2014-01-08 12:09:52.520 GMT
By Jesse Westbrook
Jan. 8 (Bloomberg) -- Carmignac Gestion SA, a Paris-based
asset manager, hired a four-person equity team from SAC Capital
Advisors LP in London to oversee 1.6 billion euros ($2.2
billion) invested in European stocks.
Muhammed Yesilhark will run Carmignac’s Grande Europe fund
and its long-short Euro-Patrimoine fund, the company said in a
statement today. Yesilhark will co-manage the firm’s small and
mid-capitalization Euro-Entrepreneurs equity fund with Malte
Heininger, who also joined from SAC, according to the statement.
SAC, the Stamford, Connecticut-based hedge-fund firm
founded by Steven A. Cohen, announced in October that it would
close its London office to scale back in the face of an insider-
trading investigation by U.S. prosecutors. Former SAC London
traders have already been offered jobs by hedge-fund firms
including Moore Capital Management LP, BlueCrest Capital
Management LLP and Balyasny Asset Management LP.
Carmignac said it also hired Huseyin Yasar and Saiyid Hamid
from SAC, where they worked as analysts under Yesilhark,
according to the statement. Carmignac oversees 55 billion euros,
its website shows.
For Related News and Information:
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--Editors: Keith Campbell, Jon Menon
To contact the reporter on this story:
Jesse Westbrook in London at +44-20-3525-0426 or
jwestbrook1@bloomberg.net
To contact the editor responsible for this story:
Simone Meier at +44-20-3525-7738 or
smeier@bloomberg.net
2014-01-08 12:09:52.520 GMT
By Jesse Westbrook
Jan. 8 (Bloomberg) -- Carmignac Gestion SA, a Paris-based
asset manager, hired a four-person equity team from SAC Capital
Advisors LP in London to oversee 1.6 billion euros ($2.2
billion) invested in European stocks.
Muhammed Yesilhark will run Carmignac’s Grande Europe fund
and its long-short Euro-Patrimoine fund, the company said in a
statement today. Yesilhark will co-manage the firm’s small and
mid-capitalization Euro-Entrepreneurs equity fund with Malte
Heininger, who also joined from SAC, according to the statement.
SAC, the Stamford, Connecticut-based hedge-fund firm
founded by Steven A. Cohen, announced in October that it would
close its London office to scale back in the face of an insider-
trading investigation by U.S. prosecutors. Former SAC London
traders have already been offered jobs by hedge-fund firms
including Moore Capital Management LP, BlueCrest Capital
Management LLP and Balyasny Asset Management LP.
Carmignac said it also hired Huseyin Yasar and Saiyid Hamid
from SAC, where they worked as analysts under Yesilhark,
according to the statement. Carmignac oversees 55 billion euros,
its website shows.
For Related News and Information:
Top Stories:TOP<GO>
--Editors: Keith Campbell, Jon Menon
To contact the reporter on this story:
Jesse Westbrook in London at +44-20-3525-0426 or
jwestbrook1@bloomberg.net
To contact the editor responsible for this story:
Simone Meier at +44-20-3525-7738 or
smeier@bloomberg.net