Mon, Mar 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Bernheim, Dreyfus & Co. launches global macro UCITS fund with $60m seed capital

Tuesday, July 16, 2013

amb
Amit Shabi
Benedicte Gravrand, Opalesque Geneva:

Bernheim, Dreyfus & Co., an asset manager based in Paris that runs absolute return strategy funds and managed accounts, has just launched a global macro UCITS IV-compliant fund called Carmel Global Opportunities. This new fund invests in multiple asset classes across the OECD universe, and aims to deliver steady long-term capital appreciation through diversification of investment style, alpha source and time horizon.

Carmel Global Opportunities’ assets under management at launch stand at approximately $60m. The seed investment comes from some of Bernheim, Dreyfus & Co.'s long term investors.

Amit Shabi and Lionel Melka, cofounders of Bernheim, Dreyfus & Co. , told Opalesque that this fund will be invested in mainly two asset classes, namely credit instruments and equity instruments within Europe and North America. The fund’s tactical trading strategy will consist in capturing all available opportunities depending on market conditions. Investments will be long-only.

In the mid-term, the fund will invest in equities in the U.S. to benefit from growth opportunities in the country, as the economy is improving. In Europe, the managers believe opportunities are on the credit side, as interest rates will probably stay low for qui......................

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner