Gandhara Capital, which became last year's fastest-growing European hedge fund manager when it raised $1.7bn (€1.4bn), has replaced more than half its European equity investment team.

Marc Chatin, Enrico Zamboni, Antonin Jullier and Fabian Humbert left Gandhara in July and September, according to the Financial Services Authority register. Their destinations have not been disclosed. The firm has hired five staff, increasing the size of its European investment team to six.