Emergence, the nascent French seeding platform backed by seven of the country’s largest institutional investors, has made its second hedge fund investment – allocating €30 million to the UCITS version of Diva Synergy, the merger arbitrage and pre-event strategy managed by Paris-based Bernheim, Dreyfus & Co.
The seed investment brings assets in Diva Synergy UCITS to €38 million and total strategy assets to around €200 million –...