Mergers & Acquisitions / Joint Ventures

Bernheim Dreyfus enters agreement with third party marketing firm


Third party marketing firm, Hyde Park Investment, has secured $250 million (€200 million) capacity in Paris-based Bernheim, Dreyfus & Co’s event driven strategy Diva Synergy.

The French specialised asset manager decided to allocate a capacity of $250 million for its two main investment vehicles, Diva Synergy and Diva Synergy UCITS, to Hyde Park Investment.

The hedge fund strategy launched in December 2006 while the UCITS version, which launched last year June, had returned 1.35% by the end of 2011.

Bernheim’s strategy aims to provide consistent low volatility returns with minimal correlation to market and peers by trading equity opportunities in Europe