Carmignac's Europe head departs after two years

Formerly subject to internal investigation

Carmignac Gestion's head of European equities Muhammed Yesilhark has stepped down from the firm after just two years.

According to the Financial Times, Yesilhark (pictured) has resigned "for personal reasons" and left the firm, which he joined in January 2014, on 18 March. He was the manager of the long-only Carmignac Grand Europe fund and the hedge fund Carmignac Euro-Patrimoine fund. Both of these funds have underperformed over the past year, according to Morningstar. Yesilhark was previously subject to an internal investigation by the firm over personal investments. Carmignac's Europe head: Why my worst hit stock of 2015 is my largest holding In September 2014, Yesilhark and a colleague, Malt...