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WCM Alternatives: Event-Driven Fund (Westchester Capital Management) (WCERX)
Received literature last night concerning the Merger Fund. In that literature, was several mentions of the above fund being available.
Personally, I have the Quaker Event Arbitrage Fund (formerly the Penn Avenue Event Driven Fund and its longstanding manager, Thomas Kirchner). Since I was an investor in the former, I was grandfathered from paying the load after the merger of the two funds. (http://www.sec.gov/Archives/edgar/data/870355/000145078910000169/quaker497forn14.htm)
Another MF company getting in the event driven fund business.
However methinks given the name "Merger", their new fund name should simply have been "Alternative". Since this is their first new fund in a while maybe worth it to pay attention.
Comments
Their web site is www.westchestercapitalfunds.com.
However methinks given the name "Merger", their new fund name should simply have been "Alternative". Since this is their first new fund in a while maybe worth it to pay attention.