Virtus Westchester Event-Driven Fund Q3 2025 Commentary
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Mutual Fund Commentaries60 FollowersFollow5ShareSavePlay(9min)CommentsSummaryGlobal merger and acquisition (M&A) activity gained significant traction in 3Q, with year-to-date volume jumping 32% to $3.4 trillion.Momentum picked up in August and September as tariff-related uncertainties began to ease, giving dealmakers more confidence to pull the trigger.The Virtus Westchester Event-Driven Fund I-shares (Fund) returned 2.25% in the third quarter, bringing year-to-date performance to 6.78%.Reflecting an almost 4:1 ratio of winners to losers, 70 positions posted positive gains, while 18 had negative marks-to-market.Based upon our historical perspective, M&A typically navigates through such periods with less disruption than initial public offerings (IPOs). Galeanu Mihai/iStock via Getty Images Market Review Global merger and acquisition (M&A) activity gained significant traction in 3Q, with year-to-date volume jumping 32% to $3.4 trillion. Forty-nine deals greater than $10 billion were announced, an 81% increase over the same period last year, reaching a record value of $986 billion. MomentumThis article was written byMutual Fund Commentaries60 FollowersFollowSelect quarterly mutual fund commentaries.