Paris-based event-driven outfit Bernheim, Dreyfus & Co.
has put in an excellent showing so far this year, returning
27.11% with its Diva Synergy Enhanced Fund. The market-neutral
fund uses two sub-strategies, one focused on merger arbitrage
and one concentrating on pre-event opportunities.
The firm is led by former Lazard M&A banker Lionel Melka
and ex-Man Group trader Amit Shabi. The duo, who met when they
began playing chess together, have known each other for around
a decade and set up Bernheim, Dreyfus in 2006. The firm's third
partner is Sebastien Dettmar, former head of quantitative
research at LCF Rothschild...