We Pursue a Simple Mission:

Learn, build,
share, repeat.

We constantly learn more about investing, build disciplined strategies to capture the best of what we've learned, and share our broad findings with other curious investors.


O’Shaughnessy Quarterly Investor Letter Q3 2019

In this quarter’s letter, Patrick begins by highlighting the most interesting trend we see inside equity markets today, and finishes by sharing the five key lessons that we’ve learned so far after demoing Canvas for more than 100 advisors and other capital allocators.

Introducing Canvas

Today, I am excited to announce the release of Canvas, the first investing software that allows advisers and allocators to design, implement, and maintain deeply customized investment strategies. Building on OSAM’s 2+ decades of expertise in factor and systematic strategy design, Canvas hands allocators the keys to our best systems so they can design tailored strategies for their clients. Give your clients something they cannot find elsewhere—a strategy built uniquely for them.

Mispriced Innovation – Patents as a Leading Indicator for Earnings Growth

In this piece we analyze an innovation metric, Granted Patents, from a factor investing approach and show that this metric is indicative of both fundamental earnings growth and future stock performance. In combination with capitalized Research and Development expense, a more readily available innovation metric found today, we can further identify high-innovation companies that provide a differentiated source of excess returns and growth. Innovation metrics can aid quantitative Value investors in detecting mispricings caused by overly pessimistic expectations as cheap, high innovation companies show greater earnings resilience while benefiting from future, upward re-pricing.

OSAM at a Glance

12 years Managing client money
$6.0B Assets under management and advisement
17 strategies Our model applied: Micro to Large cap; US to Global
85,241 Stocks studied across six decades of history
Managing client money
Assets under management and advisement
Our model applied: Micro to Large cap; US to Global
Stocks studied across six decades of history

Separate Account Strategies

We build portfolios with significant factor advantages in different style segments, market capitalization ranges, and geographic regions. Our portfolios tend to have low excess return correlation with other active strategies, little overlap with market indexes, and low active costs. We have routinely worked with clients to build custom solutions.


Our Team -
Consistency, Creativity, and Alignment

Investment success requires constant exploration, disciplined implementation, and skin in the game. We have built a team dedicated to applying our style of investing for the long term, whose interests are aligned with our clients and fellow OSAM colleagues.


Owned by 13 principal employees
Our money is aligned with yours: no personal trading, 100% of our Principals are invested in OSAM strategies
Our principals have been with the firm an average of 11 years.
Jim O'Shaughnessy
Principal, Chairman and Co-Chief Investment Officer, Portfolio Manager

Blog & Research

OSAM is committed to conducting interesting new research on markets and sharing our findings with investors. We want to manage money on behalf of committed, long-term investors, which means sharing what we learn. To follow our journey, you can read, listen and watch.

  • October 2019 O’Shaughnessy Quarterly Investor Letter Q3 2019 October 2019
  • September 2019 ML & Investing Part 2: Clustering September 2019
  • September 2019 Q & A with Phil Huber September 2019

The statements on this page are qualified in their entirety by the disclaimers and limitations contained here.