Secular Growth is Key to Delivering Alpha
A recent Business Insider profile of Jim Callinan describes his investment philosophy, which focuses on handpicking firms that can capitalize on untapped secular growth trends – structural economic changes that create a sustainable surge in demand.
Daily Prices as of 8/21/19
|Emerging Opportunity Fund||$13.28|
|Strategic Income Fund||$11.05|
|Total Return Fund||$10.20|
|Strategic Investment Fund||$14.94|
Outlooks & Commentary
According to John Sheehan, accommodative Fed policy and favorable market technicals drove the investment grade credit market’s strong start to 2019.Learn More
Although most investors ignore the opportunities presented by these flexible fixed income securities, they are an integral component of our strategy.Learn More
As the influence of technology continues to increase, we believe investors need to reconsider the relevance of both the traditional style matrix and sector classifications.Learn More
The second quarter featured an unusual combination of rallies in both “risk-on” and “risk-off” assets. Who should we believe – the equity bulls or the bond bears? A compelling case can be made for either, but we’re expecting more of the same – the slow-growth recovery will continue, and the economy will keep muddling through.
The investment grade market had a strong second quarter, as traders bid up Treasuries in anticipation of Fed rate cuts. The current environment looks favorable for risk assets, and we are constructive on investment grade credit. However, we are neutral on mortgages and defensive on rates.
The stock market extended its gains during the second quarter, as the recovery continued to grind ahead. In our view, structural changes in the economy have fundamentally changed the business cycle, and we expect the expansionary phase to last longer and be less inflationary than in the past.
News & Updates
If you were unable to join our quarterly webinar, watch the replay to hear updates on the Osterweis Fund and Osterweis Strategic Investment Fund.
If you were unable to join our quarterly teleconference, listen to the replay to hear updates on the Osterweis Strategic Income Fund.
Read Litman Gregory’s annual review of the Osterweis Strategic Income Fund.
Bond Fund Intelligence recently interviewed Eddy Vataru to discuss his Total Return strategy, which uses a flexible combination of security selection, sector rotation, and duration hedging to generate returns.
If you were unable to join our webinar about Managing for Absolute Returns in an Uncertain Environment, hosted in partnership with AdvisorPerspectives, you can watch the replay here.
Barron’s interviewed Jim Callinan to get his thoughts on the small-cap growth segment and some of his favorite stocks.
An Introduction to OCM
In 1983, John Osterweis founded Osterweis Capital Management to manage assets for individuals, families, endowments and institutions. Now entering our fourth decade, we are an integrated firm with over fifty employees, managing $7.0 billion in assets.
Our clients, many of them with us for decades, know we’ve gotten here through an unwavering commitment to one purpose: To protect and grow our clients’ capital for the enduring security of multiple generations.
Criteria for Recommended Funds: Recommended funds are evaluated by Litman Gregory based on a combination of qualitative and quantitative measures, including absolute and relative long-term performance metrics when compared to an appropriate benchmark and peer group, manager skill, investment process and the discipline by which the process is applied, quality and tenure of research team, shareholder orientation, assets under management, and fund expenses. Recommended reflects Litman Gregory’s confidence in a fund’s potential to outperform a relevant benchmark over the long term.
The Osterweis Funds and other products and services described on this website are intended to be made available to U.S. investors only. Shares of the Funds are currently offered only in the United States and are not available for sale in any jurisdiction other than the United States. The information on this website is neither an offer to sell nor a solicitation of an offer to buy a mutual fund, security or service in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful. Please read these Terms and Conditions.
The Osterweis Funds are available by prospectus only. The Funds’ investment objectives, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectuses contain this and other important information about the Funds. You may obtain a summary or statutory prospectus by calling toll free at (866) 236-0050, or by visiting www.osterweis.com/statpro. Please read the prospectus carefully before investing to ensure the Fund is appropriate for your goals and risk tolerance.
Mutual fund investing involves risk. Principal loss is possible.
Osterweis Capital Management is the adviser to the Osterweis Funds, which are distributed by Quasar Distributors, LLC.