Wednesday, 27 August 2014
Last updated 14 hours ago
Jul 15 2013 | 4:50am ET
Paris-based Bernheim, Dreyfus & Co. has launched a new a global macro UCITS IV compliant fund with $60 million in seed capital.
The new vehicle, Carmel Global Opportunities, invests in multiple asset classes across the OECD universe. The fund aims to deliver steady long-term capital appreciation through diversification of investment style, alpha source and time horizon.
According to the firm, 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 consist in capturing all available opportunities depending on market conditions, combining strong portfolio construction and risk management skills.
“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,” said Amit Shabi, cofounder of Bernheim, Dreyfus & Co. “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.”
Carmel Global Opportunities’ assets under management at launch stand at approximately $60 million. 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...