Bernheim, Dreyfus pushes for institutional investment
French hedge fund group Bernheim, Dreyfus has entered a cooperation agreement with Malta-based third party marketing group Hyde Park Investment to raise $200m from institutional investors.
Bernheim, Dreyfus specialises in event-driven strategies with a focus on mergers and acquisitions (M&A).
Its Diva Synergy fund, which currently manages close to $100m, has been selected by Hyde Park Investment to be marketed to its institutional client base.
The fund’s strategy aims to provide consistent low volatility returns with minimal correlation to market and peers by trading equity opportunities in Europe and North America.
Amit Shabi (pictured), co-manager of the absolute return Diva Synergy fund, is hopeful 2012 will see a pick up in M&A across Europe and the US. “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,” Shabi said.
Hyde Park Investment’s client base includes private banks, pension funds, funds of funds, family offices and wealth management groups.
Since it began capital raising in 2005, it has advised on over $1.2bn of allocations to hedge funds from European institutional investors.
Hyde Park Investment has offices in London, Malta and Zug and is regulated by the Financial Services Authority and the Malta Financial Services Authority.