Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

14139

Westchester Capital Management launches WCM Alternatives: Event-Driven Fund

RELATED TOPICS​

Westchester Capital Management (WCM) has launched the WCM Alternatives: Event-Driven Fund (WCEIX), a multi-strategy, absolute return mutual fund.

The fund is designed to profit from discrete events, including mergers, acquisitions, asset sales or divestitures, restructurings, re-financings, recapitalisations, reorganisations or other special situations ("event-driven opportunities"). 
 
The strategy focuses on generating non-correlated returns and has the flexibility to address shifting market landscapes. 
 
Michael Shannon, co-portfolio manager and managing member of WCM, says: "The fund follows a proven multi-event strategy that WCM has been managing for the past five years.  In today's challenging environment, the fund seeks to help investors maximise their portfolio over time by lowering its risk profile while also providing the potential for attractive inflation-adjusted returns."
 
Westchester Capital Management will employ its proprietary risk management process, targeting opportunities diversified across, sectors, strategies and asset classes. 
 
"WCM has specialised in building sophisticated analytical models of corporate events, complemented with three decades of deal and company-specific research experience.  Our goal is to identify mis-priced situations where we can achieve superior risk-adjusted returns regardless of the direction of the markets," says Roy Behren, co-portfolio manager and managing member of WCM.  "The Fund offers investors a diversified solution that combines WCM's proven investment philosophy with over 30 years of experience and knowledge of the event-driven market."

Latest News

EFAMA has commented on today’s vote by the European Parliament in favour of a new..
Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins..

Related Articles

Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by