Touchstone Investments has launched the Touchstone Merger Arbitrage Fund, which will seek to achieve positive returns over the long-term, regardless of market conditions, by investing in companies involved in publicly announced mergers or other corporate reorganizations.

“Volatile equity markets and an uncertain interest rate path have prompted many investors to embrace alternative sources of investment returns,” said Steven Graziano, president of Touchstone. “The Touchstone Merger Arbitrage Fund represents one such alternative for investors seeking low-correlated returns to traditional stocks and bonds.”

Longfellow Investment Management will sub-advise the fund and be run by Barbara J. McKenna, David W. Seeley, Alexander R. Graham and Andrew A. Shafter.