Carmignac Hires SAC Equity Staff to Run 1.6 Billion Euros

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.