Launches & Closures

Bernheim, Dreyfus gets €30m seeding boost from Emergence

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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 – split across the French-domiciled onshore fund, the original offshore flagship vehicle and segregated managed accounts.

Emergence was set up with the assistance of the French government to nurture emerging funds and help drive