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.
“You see people rushing to do it while the window is still open,” says co-portfolio manager Roy Behren following the recent volatility in the SPAC market. His insight appears in Amrith Ramkumar’s latest Wall Street Journal piece.
The Merger Fund – Institutional Class (MERIX) has a four-star Morningstar rating out of 91 market-neutral funds, based upon risk-adjusted returns, as of 3/31/21. The Merger Fund – Investor Class (MERFX) has a four-star Morningstar rating out of 91 market-neutral funds, based upon risk-adjusted returns, as of 3/31/21. The overall Morningstar Rating is derived from a weighted average of the funds' 3, 5 and 10-year Morningstar Rating metrics.