About Westchester Capital
Westchester Capital Management (WCM) is a registered investment adviser specializing in liquid alternative investment strategies. We manage a variety of investment portfolios using a combination of strategies to invest in publicly announced event opportunities such as mergers, acquisitions, takeovers, spin-offs and other corporate reorganizations, with the goal of profiting from the timely completion of these transactions.
Our investment management process is designed to deliver consistent results with low correlation to broader market returns, thereby lowering overall portfolio risk and potentially enhancing returns for a diversified portfolio.
Latest News & Commentary from Westchester Capital
Portfolio Managers Roy Behren and Mike Shannon discuss the drivers behind our funds’ Q4 performance and offer their insights on the global markets in our Q4 Quarterly Review for shareholders.
Portfolio Managers Roy Behren and Mike Shannon offer their insights on recent developments in the merger arbitrage environment.
Barron’s reporter Evie Liu highlights The Merger Fund (MERFX) in her article, “You Can Play the Flurry of M&A With Merger Arbitrage Funds. Here’s How They Work,” as she compares its positive performance to the S&P 500’s drop in 2018.
The Merger Fund – Institutional Class (MERIX) has a five-star Morningstar rating out of 130 market-neutral funds, based upon risk-adjusted returns, as of 3/31/19. The Merger Fund – Investor Class (MERFX) has a four-star Morningstar rating out of 130 market-neutral funds, based upon risk-adjusted returns, as of 3/31/19. The overall Morningstar Rating is derived from a weighted average of the funds' 3, 5 and 10-year Morningstar Rating metrics.