News

Wall Street Journal

“Has air come out of the SPAC bubble? Managing member and co-portfolio manager Roy Behren believes so. His commentary appears in Amrith Ramkumar’s Wall Street Journal piece, “SPAC Rout Erases $75 Billion in Startup Value.”

Read Full Article

Reuters

“The fact that spreads have widened is the understatement of the year,” says co-portfolio manager Roy Behren. His insight appears in Anirban Sen’s Reuters piece.

Read Full Article

Seeking Alpha

Co-portfolio manager Roy Behren discusses the recent widening of spreads in deals like AMD-Xilinx and Analog Devices-Maxim Integrated with Seeking Alpha’s Josh Fineman.

Read Full Article

Seeking Alpha

Some investors may consider including The Merger Fund (MERFX) instead of a standard bond fund, in an effort to provide diversified exposure in their “Fixed Income” assets. We are featured in a recent Seeking Alpha article titled “The Merger Fund Investor Class Has Performed Better Than Expected Since My Last Review”.

Business Insider

What’s been contributing to the recent slowdown in the SPAC market? Co-portfolio manager Roy Behren cites potential indigestion from massive issuance when speaking with Business Insider’s Anita Ramaswamy.

Read Full Article

Wall Street Journal

“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.

Read Full Article

Barron’s

When can we see approval from the Delaware court on Altaba’s final liquidation plan? Featured in Andrew Bary’s Barron’s piece, co-portfolio manager Roy Behren says he expects an April time frame with distributions in May.

Read Full Article

Wall Street Journal

With all eyes on SPACs, co-portfolio manager Roy Behren tells The Wall Street Journal that “it raises the issue as to whether or not there is an element of speculative mania.”

Read Full Article

Wall Street Journal

Speaking with The Wall Street Journal, co-portfolio manager Roy Behren claims that “there’s a frothy feel to the SPAC universe” as the space continues to attract investors. His insight is featured in Amrith Ramkumar’s piece.

Read Full Article

Reuters

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.”

Read Full Article

TD Ameritrade Network

Joining host Oliver Renick for a live “Market On Close” segment, co-portfolio manager Roy Behren provides an update on the state of the M&A market and examples of deals he finds to be of particular interest at the moment.

Read Full Article

Forbes

“We love the risk/reward of it,” says co-portfolio manager Roy Behren surrounding the rising interest in SPACs seen this year. His commentary is featured in Antoine Gara and Eliza Haverstock’s Forbes piece, “How SPACs Became Wall Street’s Money Tree.”

Read Full Article

Barron’s

Could Google be on the road to completing its acquisition of Fitbit? Read co-portfolio manager Roy Behren’s insight on why he’s now more optimistic the deal will close in Max Cherney’s Barron’s piece, “Google Is Getting Closer to Buying Fitbit. Here’s What It Means for Competitors.”

Read Full Article

Notice to Shareholders Regarding Proxy Solicitor

 

Read Full Article

In Memoriam: Bruce Jay Rubin

 

Read Full Article

Market Update – July 2021

July 2021 Market Commentary  

Read Full Article

Virtus to Acquire Westchester Capital Management

 

Read Full Article

WCM Market Update

Portfolio Managers Roy Behren and Mike Shannon offer their insights on recent developments in the merger arbitrage environment.  

Read Full Article

WCM Market Update

In light of recent volatility, we are providing the attached supplement to our quarterly letters regarding our outlook and current opportunity set.  

Read Full Article

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.  

Read Full Article

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

Read Full Article

Understanding Event-Driven Strategies – Financial Advisor

Read Full Article

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.  

Read Full Article

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.

Read Full Article

Westchester Capital Q4 Review

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.  

Read Full Article

Westchester Capital Q3 Review

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.  

Read Full Article

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.  

Read Full Article

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.  

Read Full Article

Westchester Capital Q4 Review

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.  

Read Full Article

Westchester Capital Q3 Review

Portfolio Managers Roy Behren and Mike Shannon discuss the drivers behind our funds’ Q3 performance and offer their insights on the global markets in our Q3 Quarterly Review for shareholders.  

Read Full Article

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.  

Read Full Article

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 WCF-Quarterly-Review-Q1-2019-f Quarterly Review for shareholders.  

Read Full Article

Westchester Capital Q4 Review

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.  

Read Full Article

Westchester Capital Q3 Review

Portfolio Managers Roy Behren and Mike Shannon discuss the drivers behind our funds’ Q3 performance and offer their insights on the global markets in our Q3 Quarterly Review for shareholders.  

Read Full Article

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.  

Read Full Article