Thu, May 23, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
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

Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Morgan Creek Capital Management to acquire Signet Capital Management[more]

    Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek

  2. Opalesque Exclusive: Endurance Series Trust launches first mutual fund, multi-series trust[more]

    Bailey McCann, Opalesque New York: Endurance Series Trust, a multi-series trust, is launching with Gator Capital Management, LLC as the adviser for the Trust’s first mutual fund series. Endurance Fund Services, LLC, an independently owned and operated fund administration company will serve as t

  3. Performance – Chenavari Investment holds off U.S. dominance to crack big league of top hedge fund performers, BlueCrest credit hedge fund makes gains despite European short bias, Sensato Asia-Pacific Fund up 15% YTD, says Japanese stock valuations are no longer attractive, ETF that follows hedge fund gurus is up 52% since inception less than a year ago[more]

    Chenavari Investment holds off U.S. dominance to crack big league of top hedge fund performers From Cityam.com: A boutique London-based hedge fund has smashed into the top three best performing funds in the world this year, breaking the dominance of US hedge fund managers, according to a

  4. Moore Capital founder Louis Bacon to anchor $750m senior loan fund[more]

    From PEhub.com: Billionaire hedge fund manager Louis Bacon is placing a big bet on mid-market lending by backing a new firm that is seeking to raise a $750 million debt fund aiming at the lower end of the middle market, two sources told sister magazine Buyouts. Bacon, the founder of Moore Capi

  5. Systematic Absolute Return’s Survey Findings: When compared with other hedge fund strategies, there is no real difference in how tail risk is defined in the asset finance space. A closer look at the tail events in certain option arbitrage strategies, tend to show a similar profile - high Sharpe ratios, no negative months, uncorrelated returns -