News

Westchester Capital Management (“WCM”)

Westchester Capital Management (WCM), a registered investment adviser focusing on liquid alternative investment strategies, announces the addition of two members to the WCM team to support its expanding lineup of alternative investment funds.  

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Westchester Capital Management (“WCM”)

Westchester Capital Management (“WCM”). Investment Adviser to the $3.8 billion WCM Alternatives mutual fund family, announced today the launch of an investor share class for the WCM Alternatives: Event­Driven Fund (WCERX). The new share class provides an additional access point for investment advisors seeking strategies designed with the goal to provide enhanced returns with low […]

Trump Victory Could Be a Boon to Deal Stocks – Barron’s

Barron’s reporter Vito Racanelli picks the brain of Westchester Capital Management’s portfolio manager Roy Behren on the Qualcomm-NXP transaction in the article, “Trump Victory Could Be a Boon to Deal Stocks”.

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Trump victory clouds outlook for Time Warner-AT&T, other mergers – Reuters

Westchester Capital Management’s portfolio manager Roy Behren opines on what M&A activity could look like under Trump’s administration given the President-Elect’s pro-business and pro-free market mentality in the Reuters piece, “Trump Victory Clouds Outlook for Time Warner-AT&T, Other Mergers.”

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AT&T-Time Warner: A Deal Hedge Funds Won’t Touch – The Wall Street Journal

In the Wall Street Journal article, “AT&T-Time Warner: A Deal Hedge Funds Won’t Touch; Westchester Capital Management’s portfolio manager Roy Behren discusses the merger arbitrage strategy and what happens when big deals go sideways.

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Under Armour Stock at a 10% Discount – Barron’s

Commentary from Westchester Capital Management’s portfolio manager Roy Behren is featured in Ben Levisohn’s Barron’s article, “Under Armour Stocks at 10% Discount.” In this piece. Roy calls the current price gap between Under Armour’s A and C shares “historically wide but not actionable’.

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Seeking Alpha

The Merger Fund is featured in a Seeking Alpha article highlighting merger arbitrage as an underutilized asset class poised to potentially excel, especially given the ongoing boom in merger activity, cooling equities. and the projected hike in interest rates.

This Risky Chinese Takeover Just Might Get Done Bloomberg – Gadfly

In light of CFIUS regulations, portfolio managers of The Merger Fund, Roy Behren and Michael Shannon, discuss the likelihood of the Ingram Micro-Tianjin Tianhai Investment Co. deal closing in Tara Lachapelle’s Bloomberg Gadfly article, “This Risky Chinese Takeover Just Might Get Done.”

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Wide deal spreads make juicy targets for some investors – Reuters

In the Reuters article, “Wide deal spreads make juicy targets for some investors,” Roy Behren, portfolio manager of Westchester Capital Management’s Merger Fund, discusses deal spread and investor risk pertaining to a number of U.S. companies involved in high-profile deals.

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Even You Can Profit from Merger Arbitrage! – Bloomberg Radio

Westchester Capital Management’s portfolio managers Roy Behren and Michael Shannon join Bloomberg’s “Deal of the Week” host Alex Sherman to discuss the merger arbitrage strategy and opine on how to reap gains from Yahoo’s sale process, the merger of Dupont and Dow Chemical’s and Bayer’s pursuit of Monsanto.

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Which Boats will Rise with the Interest Rate Tide?

Rising interest rates have historically, and by definition, reduced the price of fixed income securities, while absolute return strategies such as merger arbitrage typically provide increased rates of return corresponding with the rise in rates. Read the full commentary here.  

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PrivateBancorp Postpones Vote on $3.96 Billion CIBC Bid – Bloomberg Markets

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Understanding Event-Driven Strategies – Financial Advisor

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Westchester Capital Q2 Review

Portfolio Managers Roy Behren and Mike Shannon discuss the drivers behind our funds’ Q2 performance and offer their insights on the global markets in our Q2 Quarterly Review for shareholders.  

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Westchester Capital Q1 Review

Portfolio Managers Roy Behren and Mike Shannon discuss the drivers behind our funds’ Q1 performance and offer their insights on the global markets in our Q1 Quarterly Review for shareholders.  

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