Sat, Aug 19, 2017
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. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos

  5. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq