O'Shaughnessy Asset Management is a quantitative money management firm. OSAM has been managing client money since 2007 with team members managing our strategies back to 1996. The Canvas™ platform is our newest client-focused investing solution and service of O’Shaughnessy Asset Management, L.L.C.
The future of investing lives at the intersection of research and technology. Our team has spent decades building both and is turning our systems inside out to give other professionals access to build and implement their own strategies. We will keep improving every aspect of Canvas so your business and your clients' portfolios will, too.
Start with strategy templates built to express your firm’s core investing tenets, then tailor a fingerprint portfolio for each client based on their circumstances and preferences.
Digital paperwork, easy onboarding, and efficient dashboards. Everything is built to be scalable for advisors. Canvas is your investing operating system.
Manage single stock, portfolio, and career risk exposures. Optimize taxes. Adjust holdings for the investors’ values.
Select weights to stocks and bonds, including region and market cap segmentation.
Most factor strategies are watered down and based on generic factor definitions. Our team has spent decades honing and improving factor strategies. Build our core or single factor-focused exposures into your Canvas portfolios.
Choose what percentage of the portfolio to invest in the Russell and MSCI indexes. By investing directly in the underlying positions instead of funds or ETFs, you can harvest tax losses for clients and customize their holdings at the position level.
Control for climate change, deforestation, pollution, water stress, data privacy, diversity, labor rights, corruption, gender diversity, and/or governance structure. Choose only issues relevant to the client and see the impact in real time.
Across every trade, we optimize for the best after-tax results. This includes automatically harvesting tax losses throughout the year. You can even control how aggressive to be in harvesting losses by setting tracking error levels at both the firm and client level.
Never before could you control every direct index, factor strategy, or ESG strategy at the position level. With Canvas you can do it easily and in one spot. Exclude individual stocks, industries, sectors, and other categories.
You select credit and duration risk in a simple 5x5 grid. We then use our optimizer to build a smart fixed income allocation with low cost ETFs.
Diversified Beta at a Low Cost
Access to Cheap Beta
Introduction of tax optimization for clients
Brought simplification and improved operational efficiency to advisors
In this piece, Jesse Livermore* explores the stock market implications of fiscal policy. Focusing specifically on the COVID-19 pandemic, he shows how the presence of fiscal policy as a reliable source of economic stimulus can turn stock markets "upside-down", affecting profits, inflation, and valuation in ways that transform good news into bad news and bad news into good news.
Our research suggests that a historic opportunity may be forming in small cap companies, particularly small cap value. This article looks at the performance of small cap stocks in bear markets, and the record earnings yield spreads between small cap value and large cap growth.
In recent weeks, markets have sold off in reaction to increasing coronavirus cases and falling oil prices. During such challenging times, CEO Patrick O’Shaughnessy shares some insights on recent factor performance and what the long-term evidence suggests for markets going forward.
Price is one of the most predictive determinants of future alpha and investors have recognized this since the first value fund was founded in 1779. While market environments and the methods of equity valuation have changed, the concept of purchasing stocks at discounted prices has persisted for centuries.
In 2019, we completed more research than in any prior year, built and launched Canvas, and shared 13 papers and over 50 podcasts. This letter is intened to share where markets stand at year end, and discuss what we built and learned at OSAM during 2019.