Diva Synergy UCITS has received approximately $40 million of acceleration capital from the recently launched French seeding platform Emergence.
It brings the event driven fund managed by Bernheim, Dreyfus & Co to assets of around $50 million.
Launched in mid-2011, the Diva fund pursues an absolute return strategy focusing on equity merger and acquisition situations in Europe and North America and offers daily liquidity.
The fund deploys its capital in two sub-strategies: merger arbitrage (announced transactions) and pre-event (expected transactions), and relies on strong fundamental analysis.
The fund is market neutral and targets absolute returns, uncorrelated with market performance.