Easterly Asset Management, home to investment teams providing investors with a portfolio of solutions across alternatives, active equity and active fixed income, has announced that it has entered into an agreement with Olstein Capital Management to acquire the fund management business of Olstein, a long-standing value investment franchise founded by Robert A. Olstein.
Under the agreement, and subject to shareholder approval, the Olstein mutual funds will reorganize into the Easterly fund complex and the Easterly Snow investment team of Easterly Investment Partners, a strategic partner of Easterly since 2021, will manage the Olstein fund assets going forward. The firms each have an extensive history of managing value strategies across the market-cap spectrum. Additionally, they share a disciplined investment approach grounded in rigorous analysis of cash flow, balance sheet strength and downside risk.
It is proposed that the Olstein Strategic Opportunities Fund (OFSFX,
