John Osterweis and his team at Osterweis Capital Management [see profile] on Tuesday launched their third mutual fund. The no-load Osterweis Strategic Investment Fund (OSTVX) comes with an expense ratio of 150 basis points. [SEC filing]

John Osterweis Osterweis Capital Management President and CIO

The fund's eight-member investment team includes all the equity and fixed income PMs from Osterweis' two other mutual funds, the Osterweis Fund (OSTFX) and Osterweis Strategic Income Fund (OSTIX).

U.S. Bancorp Fund Services serves as fund administrator, accountant, transfer agent and dividend disbursing agent and also provides chief compliance officer services. U.S. Bank is the custodian, Tait, Weller & Baker LLP is the independent registered public accounting firm and Paul, Hastings, Janofsky & Walker LLP serves as legal counsel.

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Company Press Release

SAN FRANCISCO - Osterweis Capital Management ("OCM") today announced the launch of The Osterweis Strategic Investment Fund (OSTVX). The fund will invest in a blend of equities and fixed income securities. The no-load, open-end fund is available to investors with an initial investment of $5,000.

The Osterweis Strategic Investment Fund seeks to provide attractive returns over full market cycles while minimizing downside risk. The fund has a flexible structure that allows for strategic allocation between equities and fixed income based on the Osterweis investment team's macroeconomic and market outlook as well as their assessment of specific equity and fixed income investment opportunities. The team will focus on both risk management and potential returns with the equity and fixed income holdings diversified among the team's high conviction ideas. The fund's eight-member investment team includes all of the equity and fixed income portfolio managers from the firm's two other mutual funds: The Osterweis Fund (OSTFX) and The Osterweis Strategic Income Fund (OSTIX). OCM has a long history of managing balanced accounts for wealthy families, foundations and endowments.

"The Osterweis Strategic Investment Fund offers investors a portfolio that combines the growth attributes of equities with the income and capital preservation attributes of fixed income," said John Osterweis, President and Chief Investment Officer of OCM. "There's been a great deal of wealth destruction over the past decade, so risk management is a top priority for many investors. Our Strategic Investment Fund combines our proven equity and fixed income disciplines. We have always managed our clients' assets with a focus on both preserving and growing their assets. This new fund meets the needs of many investors and is a logical extension of our overall firm philosophy."

About Osterweis Capital Management

Osterweis Capital Management was founded in 1983 by John Osterweis to serve the portfolio management needs of high net worth individuals, foundations and endowments. Since then, the firm has grown to over $4 billion in assets under management, providing investment management services through various products including individually managed portfolios and three mutual funds, The Osterweis Fund, The Osterweis Strategic Income Fund and The Osterweis Strategic Investment Fund.

OCM is a registered investment adviser and is privately held by several employees of the firm and two outside directors, F. Warren Hellman and Tully M. Friedman. As an independently owned firm, OCM enjoys the autonomy necessary to keep its clients' interests at the forefront.

 

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