Diva Synergy Event-Driven Fund Ends 2011 In Black

Jan 9 2012 | 10:04am ET

In a year marked by declining equity markets, surging volatility and a stable M&A market (+5% globally and +30% in North America), the Paris-based Diva Synergy fund finished the year “in positive territory,” its euro class returning 0.58% net of fees.

The fund outperformed the HFRX Event Driven Index, which was down 4.90% in 2011, and brought its performance since inception to +25.00%. The Diva Synergy fund was established in 2007 by Bernheim, Dreyfus & Co.

The daily UCITS version of Bernheim, Dreyfus’ flagship fund (which was launched in June 2011) returned 1.34% over its first seven months of operations (during the same period, the HFRX UCITS Index was down -5.56%).

The Diva Synergy team expects M&A activity to pick up steadily in 2012. With more available financing, cash-rich corporations and private equity firms should start deploying capital in stronger capital markets. The team is especially optimistic about consolidating tendencies in the technology, industrials, natural resources and health care sectors.

Said fund co-manager Amit Shabi in a statement: “We are at the beginning of a new M&A cycle and Europe should quickly follow the surge in M&A volumes witnessed in North America. We remain vigilant while examining the market for potential opportunities to make money for our investors. As we have for the past years, across all market conditions, we remain optimistic to identify and profit from new and lucrative investment opportunities.”


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR