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.
Co-portfolio manager Roy Behren shares his insight on acquisitions by T-Mobile and Bristol-Myers Squibb with Bloomberg Opinion columnist Tara Lachapelle in her piece, “For Two Huge Deals, Arbitrage Goes Out the Window.”
The Merger Investor fund (MERFX) has a four-star Morningstar rating out of 121 market-neutral funds, based upon risk-adjusted returns, as of 12/31/18. The overall Morningstar Rating is derived from a weighted average of the funds' 3, 5 and 10-year Morningstar Rating metrics.