DIVA SYNERGY UCITS FUND - Bernheim, Dreyfus & Co.
DIVA SYNERGY UCITS FUND - Bernheim, Dreyfus & Co.
DIVA SYNERGY UCITS FUND - Bernheim, Dreyfus & Co.
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Risk Management<br />
A Robust Risk Management System<br />
Regulatory<br />
environment<br />
• The Fund is under French law and complies with the European <strong>UCITS</strong> III regulations<br />
• The Fund is eligible for life insurance<br />
Position Sizing<br />
• Sizing is determined by liquidity, the downside risk and the ability to hedge undesired risks<br />
• We aim to avoid crowded trades<br />
• We systematically cover all risks (currency, interest rate, ...) other than those inherent to the strategy (mainly the nonoccurrence<br />
of an anticipated event)<br />
Internal Risk<br />
Monitoring<br />
• The team has real time access to exposures by sub-strategy, geography, currency and other exogenous or macro factors<br />
often difficult to predict<br />
• Crowded, illiquid or high-risk trades (when any), are segregated and very closely monitored<br />
• Strict stop-loss policy<br />
Stress-Tests<br />
• Risk manager frequently runs stress scenarios on the portfolio and its sub-books and also ensures that our strict<br />
guidelines are respected<br />
• Monthly Risk <strong>Co</strong>mmittee meetings address potential risk areas and raise early warning signals<br />
Frequent<br />
Reporting<br />
• Daily NAV and monthly reporting<br />
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