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Komfie Manalo, Opalesque Asia:

Paris-based asset manager Bernheim, Dreyfus & Co. said that its Carmel Global Opportunities managed account generated +11.2% net return with a volatility of 2.3% thus achieving an exceptional Sharpe Ratio of 5 one year after its launch.

In the 12 months since launch in June 2013, the CGO UCITS Fund is in the top-tier of risk/adjusted performance rankings for the sector. The fund has delivered 11 positive months out of 12 with a worst performance of -0.16%.

Amit Shabi, co-founder of Bernheim, Dreyfus & Co. declared: "We are extremely proud of having delivered robust risk/adjusted returns for Carmel Global Opportunities. We are seeing a lot of investment situations across the capital structure and are ready to capture all available opportunities. We therefore remain optimistic and we believe that our strategy will keep performing as well in the futures as it did over the past"

The CGO UCITS Fund is an extension of an audited managed account (KPMG), which generated +18% net in 2012 and +11% in 2013, recording only four negative months (87% positive). This record demonstrates the resilience of the portfolio managers’ trading and risk management expertise.

Shabi disclosed the fund was launched with $60m in capital and is now approaching assets under management of $100m. It is subject to a series of due diligence processes from potential investors creating the likelihood ......................

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