Tue, Oct 25, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Bernheim, Dreyfus & Co launches global macro UCITS IV fund

Monday, July 15, 2013
Opalesque Industry Update - Bernheim, Dreyfus & Co. is accelerating its development and announces the launch Carmel Global Opportunities, a global macro UCITS IV compliant fund, which invests in multiple asset classes across the OECD universe.

Carmel Global Opportunities is managed by Bernheim, Dreyfus & Co.’s team gathering over 70 years of experience in asset management and other complementary fields in finance such as M&A advisory, trading and risk management. The fund aims to deliver steady long-term capital appreciation through diversification of investment style, alpha source and time horizon.

The fund deploys capital in an actively managed core fixed income allocation and a more dynamic pocket increasing the fund’s market exposure during risk-on environments. The tactical trading strategy will consists in capturing all available opportunities depending on market conditions, combining strong portfolio construction and risk management skills. Carmel Global Opportunities’ assets under management at launch stand at approximately 60 million dollars. RBC and KPMG are the fund’s custodian and auditor.

The fund offers weekly liquidity terms and is structured as a “Fonds Commun de Placement” under French law.

Amit Shabi, cofounder of Bernheim, Dreyfus & Co. declared: “The launch of Carmel Global Opportunities allows us to respond to demands that we are seeing from clients to this effect and utilize various strategies to effectively harness opportunities that may occur through the market cycle. Carmel Global Opportunities is about capturing all available opportunities, utilizing excellent portfolio construction and risk management skills, with the ultimate aim of building on strengths demonstrated by our existing successful event-driven offering.”

press release

Bernheim, Dreyfus & Co. is an asset manager based in Paris, regulated and authorized by the AMF (Autorité des marchés financiers). Bernheim, Dreyfus & Co. manages funds based on absolute return strategies, for which the team has recognized expertise, and specializes in merger arbitrage. Bernheim, Dreyfus & Co. also offers managed accounts services to institutional investors, corporates, family offices or private clients.



What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From Thisismoney.co.uk: The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From CNBC.com: Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Marketwatch.com: Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Forbes.com: Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa