Easterly Snow Small Cap Value Fund’s Q3 2026 Investor Letter

The Easterly Snow Capital Small Cap Value Fund is a U.S. open-end equity mutual fund managed by Easterly Asset Management, sub-advised by Snow Capital Management. The Easterly Snow Small Cap Value Fund fell 4.04% in Q3 2026, outperforming both the Bloomberg US 2000 Value Index (-7.26%) and Russell 2000 Value Index (-4.91%). Sharply higher Treasury yields, renewed Fed rate hikes, inflation concerns, geopolitical tensions, heavy government and AI-related corporate borrowing, and concentrated...