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
Guest author, Westchester Capital’s Managing Director of Strategic Accounts and Investor Relations, Jody Harris Stern, discusses the drivers behind our funds’ Q3 performance and offers her insights on the global markets in our Q3 Quarterly Review for shareholders.
Portfolio Managers Roy Behren and Mike Shannon offer their insights on recent developments in the merger arbitrage environment.
Why is a smaller promote better for public shareholders in a SPAC? Co-portfolio manager Roy Behren explains in Jessica DiNapoli and Joshua Franklin’s Reuters piece, “Analysis-Investors push back on blank-check company insiders’ payout bonanza.”
The Merger Fund – Institutional Class (MERIX) has a four-star Morningstar rating out of 92 market-neutral funds, based upon risk-adjusted returns, as of 12/31/20. The Merger Fund – Investor Class (MERFX) has a four-star Morningstar rating out of 92 market-neutral funds, based upon risk-adjusted returns, as of 12/31/20. The overall Morningstar Rating is derived from a weighted average of the funds' 3, 5 and 10-year Morningstar Rating metrics.