Westchester Capital Management

Overview

Westchester Capital Management is a private investment firm specializing in event-driven strategies, including merger arbitrage and distressed investing. The firm focuses on managing investment assets such as stocks and bonds for a diverse range of clients, including individuals, trusts, corporations, and pension plans. With over 50 years of cumulative experience, Westchester Capital Management's team follows a management style based on the belief that a balanced, diversified portfolio of selected stocks and bonds coupled with a longer-term holding period will outperform a passive investment strategy. The firm's investment team believes prudent investing requires discipline and patience, particularly during periods of volatility. The firm's investment philosophy centers on achieving high risk-adjusted returns with minimal market correlation. Westchester Capital Management has evaluated over 10,000 potential transactions and invested in over 4,500 corporate reorganizations, with more than 98% of these transactions completed. The firm's top holdings include Mr. Cooper Group Inc., Kellogg Co., CyberArk Software Ltd., Chart Industries Inc., and Teck Resources Ltd., with a strong emphasis on the financial services and energy sectors. Westchester Capital Management was founded in January 1987 and is headquartered in Omaha, Nebraska. The firm's organizational structure is designed to be simple yet effective, allowing a team of professionals to build investment portfolios over time while recognizing the risk tolerance, income needs, and service needs of each client. The firm's operations team is managed by Jodi Macaitis, and the investment team is led by Cindy L. Christensen, President and Chief Executive Officer, who also serves as Chairman of the Investment Committee and the Portfolio Management Committee. Other members of these committees include Donna Nelson and Maximilian Vogt. The firm's office is open Monday through Friday from 8 AM CST to 5 PM CST, and the team is dedicated to high standards of quality, service, ethics, and professionalism. Westchester Capital Management is a fee-only, registered investment adviser that provides professional investment advice. The firm and its staff are not affiliated with a broker/dealer or insurance agency; therefore, they are not incentivized to sell commissionable security products, insurance products, or proprietary investments. This allows the firm to reduce potential conflicts of interest, resulting in a portfolio that is client-driven, not product-driven. The firm's website provides detailed information about its investment strategies, team members, and contact information.