Easterly Asset Management to Acquire Olstein Capital Management’s Fund Management Business, Expanding Value Investing Capabilities
Easterly Asset Management home to investment teams providing investors with a portfolio of solutions across alternatives, active equity, and active fixed income, today announced that it has entered into an agreement with Olstein Capital Management, L.P. (“Olstein”) 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 LLC, 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.
Olstein fund shareholders will receive proxy material in connection with a shareholder meeting to be held on or about June 26, 2026, to consider and vote on the proposed fund reorganizations.
Great investment franchises are built on discipline and conviction,” said Darrell Crate, Founder and Managing Principal of Easterly Asset Management. “Olstein and Easterly Snow have both embodied that philosophy for decades. We’re excited to leverage our platform to continue to apply this approach at scale with one goal in mind: to make our clients’ portfolios better.”
Shareholders will benefit from joining Easterly’s established active equity platform, gaining the resources of a broader investment organization while preserving the defining strengths of boutique asset managers.
Today’s announcement marks a transition of stewardship between two respected investment teams,” said Amaris Miller, Chief Operating Officer at Easterly Asset Management. “Combining these funds strengthens competitiveness through greater scale while creating value for Olstein shareholders through lower fees and expanded resources.
Our responsibility has always been to our shareholders,” said Robert A. Olstein, Chairman and Chief Investment Officer of Olstein Capital Management. “As we considered the next chapter for the Olstein Funds, we took great care in choosing the right long-term home for our investors. We found that the Easterly Snow team has a like-minded, disciplined approach to risk/reward that has guided our process for years.
Led by Chief Investment Officer and Senior Portfolio Manager Joshua Schachter, CFA, Easterly Snow has an established track record of navigating multiple market cycles across a range of products. The team currently manages Small Cap Value, All Cap Value, SMID Cap Value, Focused Value, and Inflation Enhanced strategies, in addition to the Easterly Snow Small Cap Value Fund (SNWIX) and the Easterly Snow Long/Short Opportunity Fund (SNOIX).
We have deep respect for what Bob Olstein and the team have built over the years,” said Schachter. “Our responsibility is to preserve that legacy by staying aligned with the principles both our clients and Olstein investors value: rigorous fundamental analysis, attractive asymmetrical risk/reward profiles, and a long-term time horizon. We are focused on making this transition seamless and are committed to delivering value for our shareholders.
About Easterly
Easterly Asset Management and its Strategic Partners provide private wealth and institutional investors with a portfolio of solutions across alternatives, active equity and active fixed income. Founded in 2019, Easterly’s goal is to bring curated solutions to clients that make their portfolios better by partnering with trusted investment teams who have an established track record of delivering value to investors. Easterly enables high-performing managers to operate at scale by delivering best-in-class resources, risk management, operational support, infrastructure and an institutional and wealth distribution team.
About Olstein Capital Management
Founded in 1995, Olstein Capital Management applies an accounting-driven, value-oriented investment philosophy rooted in the belief that a company’s stock price may not fully reflect the intrinsic value of its underlying business. The investment team employs analytical and valuation disciplines pioneered by Robert Olstein, co-founder and publisher of the Quality of Earnings Report. The firm bases valuations on free cash flow and conducts rigorous analysis of accounting practices to assess the quality of earnings and the sustainability of free cash flow. The Olstein process emphasizes investment in undervalued equity securities of companies with discernible financial strength, differentiated business fundamentals, competitive advantages, and a demonstrated ability to generate free cash flow.
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