Carmignac Gestion has hired a Zadig Asset Management partner to run its equity market-neutral hedge fund, whose current manager will go on maternity leave.
Vincent Steenman takes the helm at Carmignac Market Neutral. Maxime Carmignac, daughter of firm founder Edouard Carmignac, is going on maternity leave. When she returns, she'll take a management role at the French money manager and will not displace Steenman at the hedge fund.
Steenman has been at Zadig for more than five years, joining the firm from LVMH-Groupe Arnault Family Office. He also formerly worked at Morgan Stanley in London. At the LVMN family office, he worked with François-Joseph Furry, now a hedge fund manager at Carmignac.
For its part, Zadig founding partner Pierre Philippon told Financial News, "Our investment team and research capabilities essentially remain unchanged with Laurent Saglio and Vincent Bourgeois. We will hire a new analyst covering financials, to replace Vincent, and wish him good luck in his new venture."