Leading European investor service provider, Deminor Investment Management B.V. and Luxemburg hedge fund, Athamas S.A.1 have joined forces to develop their asset management activities.

“This collaboration and integration reflects the ongoing consolidation in the fragmented European asset management industry and the convergence of traditional and alternative asset managers.”

The combined entity will offer its investors three equity funds with a global coverage:

– The Catalyst Fund, a European long only fund with a focus on special situations. This fund is managed by Pierre Nothomb and Bernard de Caters

– The PV Buyback USA Fund, a US long only fund focused on share buybacks. This fund will be launched on May 2nd, 2011 and will be managed by INSEAD professors Theo Vermaelen and Urs Peyer.

– The Long / Short Equity Fund, a Global alternative investment fund which is managed by Thomas de Mevius

The fund managers share their views on an ongoing basis and have closely linked analytical models and investment skills aimed at unlocking shareholder value. The focus is largely oriented on event driven situations that sometimes imply a contrarian approach.

A number of cost synergies have been identified and are already delivering results:
– Common administration of the three funds with the same provider
– Combined access to information and databases
– Pooling of back office and administrative tasks

The combination also leads to a much broader investor base composed of:
– Institutional investors
– Family offices / high net worth individuals
– Academic networks and INSEAD alumni

For the purpose of the collaboration Athamas S.A. has been rebranded DIMlux S.A. on April 4th, 2011 and the fund Athamas Capital SICAV-SIF, SCA has been rebranded DIM SICAV-SIF, SCA.