We are committed to providing solutions that offer our clients the ability to reduce total portfolio risk and earn positive absolute returns.
Focused on Delivering Stable Absolute Returns
At Westchester Capital Management, we believe that risk management is the key to successful long-term wealth management. That is why we are committed to providing solutions that offer our clients the ability to reduce total portfolio risk and earn absolute returns regardless of the direction of the markets.
Our highly disciplined event-driven investment process is supported by the following:
An Experienced and Stable Team
Our portfolio management team has worked together for over 17 years through a variety of market cycles. We have developed proprietary risk management tools to analyze, monitor and evaluate opportunities, particularly for the merger arbitrage universe.
Competitive Performance and a Proven Investment Process
We have a proven track record of identifying profitable event-driven opportunities which has resulted in competitive risk-adjusted returns since inception. Over three decades, we have evaluated more than 10,000 potential transactions, and invested in over 4,000 corporate reorganizations, over 98% of which were completed.
A Strong Alignment of Interests with Investors
The firm's Principals and employees have a significant percentage of their investable assets in our funds.
A Disciplined Risk Management Process
We seek to realize consistently high risk-adjusted absolute returns with low market correlation, while maintaining a primary emphasis on preservation of capital. We do not speculate on future takeover targets or invest based upon rumors. Ultimately, we seek to invest in those transactions that provide the highest risk-adjusted returns, not those that produce the highest returns without regard to potential drawdowns.
A Well-Established Network of Global Resources
We believe our size and strong Wall Street relationships give us a competitive advantage and institutional access with respect to research, trading capabilities and sourcing hard-to-borrow securities.