Mergers & Acquisitions / Joint Ventures

Hyde Park Investment, Paris firm Bernheim, Dreyfus link up


Hyde Park Investment, the London-based hedge fund marketing firm that has been going since 2004, and Paris-based event-driven hedge fund manager Bernheim, Dreyfus & Co have announced a strategic cooperation agreement.

Following a beauty contest, the specialist French asset manager decided to allocate a capacity of €200 million to Hyde Park Investment for its two main investment vehicles: Diva Synergy and Diva Synergy UCITS.

The fund’s euro class returned 0.58% net of all fees in 2011, outperforming most of its peer group in a generally bad year for event-driven strategies and bringing the performance since inception in January