Wed, Sep 3, 2014
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius