2007
The first day of O'Shaughnessy Asset Management as an independent firm was July 3, 2007, which the team called OSAM Independence Day.
“So technically the first day of OSAM was July 3rd, 2007, which we called OSAM Independence Day.”
Topic
O'Shaughnessy Asset Management
9 facts from 1 episode, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
2007
Fourteen people, not counting Patrick O'Shaughnessy, left Bear Stearns to form the founding team of OSAM.
“14 people, not including myself left bear and were the sort of foundation foundational team for OSAM.”
2018
OSAM began building Canvas in earnest at the very end of 2018.
“we really started building canvas in earnest in late 2000, at the very end of 2018.”
Undated
The Royal Bank of Canada is O'Shaughnessy Asset Management's longest-standing client and its only outside owner, holding a minority stake.
“They're our largest, our longest standing client. They actually are the only outside owner of our business. They own a minority stake in our business.”
Undated
Patrick O'Shaughnessy says long-only asset managers are typically paid an annual fee of under 1% of the assets they manage.
“And traditionally in a long-only context, you're paid a percent of those assets. That's quite small, you know, sub 1% of those assets these days as an annual fee for your services.”
Undated
OSAM spent about ten years replacing third-party vendors with internally built software, which became the basis for Canvas.
“we built all this crazy infrastructure, ripping third-party vendors out one by one over 10 years, rebuilding a software solution internally to help us do our jobs.”
Undated
Canvas is a web-based portal that lets advisors design customized investment strategies, with OSAM handling the trading and implementation.
“It literally is our internal tools as a service to let you design extremely customized investment strategies through a web-based portal, which we then do all the trading and implementation on”
Undated
OSAM's research partners program gives independent researchers its data library and team access in exchange for owning the intellectual property they create.
“through a program that we call research partners at OSAM, which is a very simple trade. We effectively give away our entire, uh, data library infrastructure and access to our team to independent researchers”
Undated
Patrick O'Shaughnessy says OSAM's Canvas effort had about five full-time engineers, though people assume about 30.
“it's full-time engineers, maybe five. I think people that see it think we have 30.”
Episodes