Friday, 27 March 2015
Last updated 2 hours ago
Nov 22 2011 | 9:35am ET
Paris-based investment manager Bernheim, Dreyfus & Co. this month marks the 5th anniversary of its flagship event driven Diva Synergy fund, which has returned 23.2% since inception.
The fund targets absolute returns with a strategy focused on M&A situations; its current portfolio includes about 50 situations in Europe and North America. The management team focuses on stock picking, combining bottom-up fundamental research with disciplined risk management. Capital is deployed in two sub-strategies—merger arbitrage and special situations.
A UCITS version of the fund, targeting European investors, was launched in June 2011.
The firm believes the M&A market is in recovery— pointing to the recent Google/Motorola, Gilead/Pharmasset and Kinder Morgan/El Paso transactions as proof. The pace of this recovery, it says, will be driven by the financial health of global corporate, reasonable valuations and the need to find growth, once macroeconomic concerns have vanished.
Said Amit Shabi, co-founder of Bernheim, Dreyfus & Co.: “In such an investment strategy, where the length of the track record is key in evaluation of a manager’s skill, we are particularly proud of the work done over these five years, during which our original money management approach has shown its ability to generate absolute performances, regardless of market conditions.
“We are now at the early stage of a new M&A cycle, which will create many investment opportunities for our strategy. Our fund remains committed to giving investors access to a sophisticated strategy, focused on mergers and acquisitions, while offering them liquidity and transparency.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…