Co-Chief Investment Officer
Portfolio Manager
Easterly Investment Partners
Richard is a Co-Chief Investment Officer at Easterly Investment Partners (EIP).
He is also the Founder and Managing Principal of Snow Capital. Richard’s investment experience dates back to 1980 when he formed R.A.S. Capital Management, managing private family assets. His success in growing these assets became well known in high net worth circles, leading advisors of wealthy individuals to solicit Richard to manage their clients’ assets. In 2001, Richard restructured R.A.S. as Snow Capital Management L.P. to attract and retain other quality investment professionals and to grow the firm’s account base. Over time, he has assembled and developed a strong investment team who continue to apply his fundamental, bottom-up stock picking process of value investing. Richard holds a B.A. from Duquesne University and an MBA in finance from the University of Pittsburgh.
The Snow All Cap Value strategy outperformed during the quarter, returning -2.14% gross of fees (-2.31% net of fees), while the Russell 3000 Value index fell -3.15%. Year-to-date, the strategy has now returned 5.50% gross of fees (4.95% net of fees), while the index has gained only 1.67%.
Learn MoreThe Snow All Cap Value strategy had an excellent quarter, outperforming the benchmark by 460 basis points, returning 8.62% gross of fees (8.43% net of fees), while the Russell 3000 Value index gained 4.03%.
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