Thursday, 23 March 2017
Last updated 9 min ago
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.