Easterly Asset Management announced it has entered into an agreement to acquire the fund management business of Olstein Capital Management, a value-focused investment firm founded by Robert A. Olstein. The transaction is intended to expand Easterly’s value-investing capabilities and to integrate Olstein’s mutual funds into Easterly’s broader investment platform.
Under the proposed agreement, and subject to shareholder approval, the Olstein mutual funds will reorganize into the Easterly fund complex. Going forward, the Easterly Snow investment team of Easterly Investment Partners LLC will assume management of the Olstein fund assets.
The firms said they share a disciplined investment philosophy centered on detailed analysis of cash flow, balance sheet strength, and downside risk. The integration is expected to combine Olstein’s long-standing value investing framework with Easterly’s investment platform and operational infrastructure.
As part of the transition, the Olstein Strategic Opportunities Fund will reorganize into the Easterly Snow Small Cap Value Fund. Meanwhile, the Olstein All Cap Value Fund will reorganize into a new series within the Easterly Funds Trust called the Easterly Snow All Cap Value Fund.
Olstein fund shareholders are expected to receive proxy materials ahead of a shareholder meeting scheduled on or about June 26, 2026, where investors will vote on the proposed fund reorganizations.
Easterly said the transaction will allow shareholders to benefit from the firm’s broader active equity platform while maintaining the investment discipline that has historically defined the Olstein strategy.
Easterly Asset Management, founded in 2019, provides investment solutions for institutional and private wealth clients across alternatives, active equity, and fixed income strategies. The firm partners with specialized investment teams and supports them with distribution, operational infrastructure, and risk management capabilities.
Olstein Capital Management, founded in 1995, follows an accounting-driven value-investing philosophy, identifying companies whose stock prices may not reflect their intrinsic value. The firm evaluates businesses through a detailed analysis of free cash flow, earnings quality, financial strength, and long-term competitive advantages.
KEY QUOTES
“Great investment franchises are built on discipline and conviction. 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.”
Darrell Crate, Founder And Managing Principal, Easterly Asset Management
“Today’s announcement marks a transition of stewardship between two respected investment teams. Combining these funds strengthens competitiveness through greater scale while creating value for Olstein shareholders through lower fees and expanded resources.”
Amaris Miller, Chief Operating Officer, Easterly Asset Management
“Our responsibility has always been to our shareholders. 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.”
Robert A. Olstein, Chairman And Chief Investment Officer, Olstein Capital Management
“We have deep respect for what Bob Olstein and the team have built over the years. 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.”
Joshua Schachter, Chief Investment Officer And Senior Portfolio Manager, Easterly Snow
