Friday, 26 December 2014
Last updated 2 days ago
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.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.