Diva Synergy UCITS, the event-driven strategy managed by Paris-based Bernheim, Dreyfus & Co, has received some $40m of acceleration capital from the newly-launched seeding platform Emergence, bringing its assets close to $50m.
According to Fitch, small-sized Spanish banks are likely to face downward rating pressure in 2012 as the potential for losses grows, prompting them to merge.
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.
French asset manager Bernheim, Dreyfus & Co expects merger and acquisition (M&A) activity to pick up in 2012 due to more available financing, cash-rich corporations and private equity firms deploying capital in stronger capital markets.
Bernheim, Dreyfus & Co, the Paris-based alternative asset manager, has launched a Ucits III version of its Diva Synergy Fund, an event driven, market-neutral equity fund focused on M&A.
French boutique Bernheim, Dreyfus & Co launched in 2006, just before the financial crisis and then took a brave decision to move onshore to Paris from Switzerland. The team is therefore used to bucking trends and is now set to ride an expected wave of European M&A activity.