Sun, Dec 4, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Bernheim, Dreyfus & Co’s merger arbitrage strategy up 3.7% in 2012

Thursday, January 10, 2013

amb
Amit Shabi
Benedicte Gravrand, Opalesque Geneva: - Paris-based alternative asset manager Bernheim, Dreyfus & Co. confirmed its merger arbitrage strategy, the Diva Synergy Fund, had returned +3.55% (€ class) and +3.74% ($ class) net to investors in 2012, bringing returns since inception to +27.04% and +35.74% respectively. Over the past three years, the fund’s compounded annual returns are +8.90% (€ class) and +8.46% ($ class).

The HFRX Merger Arbitrage Index returned 0.95% in 2012, after returning -2% in 2011, 5.6% in 2010 and 8.1% in 2009. It is currently up 0.21% YTD.

Global mergers and acquisitions rose to the highest level in four years at the end of last year as companies worldwide announced $692bn in purchases, the asset manager said in a release. Bernheim Dreyfus believes that the pickup in takeovers will extend into next year as American and European lawmakers take more decisive steps to fortify the global economic recovery. The asset manager also expects the cloud-computing and network-security sectors, the pharmaceutical industry and the energy space to be very active in the M&A space.

Amit Shabi, cofounder of Bernheim, Dreyfus & Co. and co-manager of the Diva Synergy Fund said: "In a difficult year for merger arbitrage and quiet M&A activity, we are happy with the Fund’s positive returns and very confident for the ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released