Touchstone Offers Merger Arb. Mutual Fund

Aug 26 2011 | 9:48am ET

Touchstone Investments has launched a merger arbitrage mutual fund, managed by Longfellow Investment Management.

"Volatile equity markets and an uncertain interest rate path have prompted many investors to embrace alternative sources of investment returns.  The Touchstone Merger Arbitrage Fund represents one such alternative for investors seeking low-correlated returns to traditional stocks and bonds," Steven Graziano, president of Touchstone Investments, said.  "We are pleased to offer Longfellow's merger arbitrage investment expertise as a mutual fund."

Longfellow already serves as sub-adviser to Touchstone's Short Duration Fixed Income Fund.

Cincinnati-based Touchstone said the merger arbitrage vehicle will be offered in several share classes. It will be managed by Longellow's Barbara McKenna, David Seeley, Alexander Graham and Andrew Shafter.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...