Sat, Apr 21, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its