James Patrick O'Shaughnessy (born May 24, 1960) is an American investor and venture capitalist, currently serving as the CEO of O'Shaughnessy Ventures. He is the founder of O'Shaughnessy Asset Management, LLC ( OSAM), an

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

firm that Franklin Templeton later acquired. O'Shaughnessy's areas of expertise include

quantitative Quantitative may refer to: * Quantitative research, scientific investigation of quantitative properties * Quantitative analysis (disambiguation) * Quantitative verse, a metrical system in poetry * Statistics, also known as quantitative analysis ...

equity analysis, portfolio management, research decisions, and

investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

models. O'Shaughnessy has authored several books that use Standard & Poor's Compustat database to provide extensive quantitative analysis of

stock market A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include ''securities'' listed on a public stock exchange, as ...

performance. O'Shaughnessy has been awarded several U.S. patents for his investment strategies and was recognized as a legendary investor by Forbes.com. O'Shaughnessy is the former

chairman of the board The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

for the Chamber Music Society of Lincoln Center and currently serves as the chair of the capital campaign for CMS. He is also a member of the

board of trustees A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

for Common Good. In September 2022, O'Shaughnessy joined the board of directors for Stability AI as its Executive Chair.

Early life and education

James P. O'Shaughnessy was born and raised in

Saint Paul Paul; grc, Παῦλος, translit=Paulos; cop, ⲡⲁⲩⲗⲟⲥ; hbo, פאולוס השליח (previously called Saul of Tarsus;; ar, بولس الطرسوسي; grc, Σαῦλος Ταρσεύς, Saũlos Tarseús; tr, Tarsuslu Pavlus; ...

, Minnesota, where he attended Saint Thomas Academy as a youth. His fascination with the stock market began at an early age when he started to manually track characteristics common to the 30 companies in the Dow Jones Industrial Average stock index. After studying international economics and business diplomacy at the School of Foreign Service of Georgetown University, O'Shaughnessy graduated with a Bachelor of Arts in economics from the University of Minnesota in 1986. O'Shaughnessy continued to apply his research of the stock market, and in 1994, his first book, '' Invest Like the Best'', was published, followed by the first edition of '' What Works on Wall Street'' in 1997, '' How to Retire Rich'' in 1998, and '' Predicting the Markets of Tomorrow'' in 2006.

Career

Mutual Funds

O'Shaughnessy started his own mutual funds under the names Cornerstone Growth and Cornerstone Value in 1996. In 1997, the

Royal Bank of Canada Royal Bank of Canada (RBC; french: Banque royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 17 million clients and has more than 89,000& ...

(RBC) launched the RBC O'Shaughnessy mutual funds for Canadian investors. Currently, there are seven mutual funds in the RBC O'Shaughnessy funds family.

O'Shaughnessy Capital Management

After graduating, O'Shaughnessy worked for a family-owned venture capital firm. During this time, his interest in quantitative research was recognized by a colleague who was on the board of directors with O'Shaughnessy at the St. Paul Chamber Orchestra. The colleague suggested that O'Shaughnessy's research might be well suited for pension plan management. In 1988, O'Shaughnessy started O'Shaughnessy Capital Management, Inc. and began consulting large pension funds and foundations.

Netfolio

In 1999, O'Shaughnessy started

Netfolio James Patrick O'Shaughnessy (born May 24, 1960) is an American investor and venture capitalist, currently serving as the CEO of O'Shaughnessy Ventures. He is the founder of O'Shaughnessy Asset Management, LLC (OSAM), an asset management firm th ...

, The Personal Fund Company, to offer individual investors the ability to build their own diversified portfolio over the internet. The company was closed in 2001. As part of Netfolio's concentration on "personal funds", O'Shaughnessy Capital Management sold its mutual fund family to Hennessy Advisors in June 2000.

Bear Stearns Asset Management

In 2001, O'Shaughnessy and his team from O'Shaughnessy Capital Management moved to Bear Stearns Asset Management (BSAM), where O'Shaughnessy served as a Senior Managing Director and the executive director of Systematic Equity.

O'Shaughnessy Asset Management

In 2007, O'Shaughnessy reached an agreement with Bear Stearns to spin his Systematic team out of BSAM to form O'Shaughnessy Asset Management, LLC. O'Shaughnessy Asset Management was acquired by Franklin Templeton in 2021. O'Shaughnessy later announced that he'd retire at the end of 2022.

O'Shaughnessy Ventures

In January 2023, O'Shaughnessy launched his self-described passion project, O'Shaughnessy Ventures, a "creative company that inspires creators". O'Shaughnessy Ventures focuses on 4 specific areas: Infinite Adventures, Infinite Films, Infinite Media, and the O'Shaughnessy Fellowships program. In addition to its flagship investment into Stability Ai, O'Shaughnessy Ventures' other key investments include Positive Sum, Chaotic Capital, Permanent Equity, Anchorless Bangladesh, Prefect, Synthesis School, Eighty-Seven Capital, Entrepreneur First, and Ladder.

Personal life

O'Shaughnessy married his wife Melissa in August 1982. O'Shaughnessy has 3 children and 5 grandchildren. In 1991, O'Shaughnessy moved his family to Greenwich, Connecticut, to be closer to the New York area, where most of his business was located.

Bibliography

Books authored by

* ''Invest Like the Best: Using Your Computer to Unlock the Secrets of the Top Money Managers'', 1994, McGraw-Hill. . * ''How to Retire Rich: Time-Tested Strategies to Beat The Market and Retire in Style'', 1998, Broadway Books. . * ''What Works on Wall Street: A Guide to the Best-Performing Investment Strategies of All Time'', 3rd Edition, 2005, McGraw-Hill. . (1st Edition, 1997, ; 2nd Edition, 1998, ) * ''Predicting the Markets of Tomorrow: A Contrarian Investment Strategy for the Next Twenty Years'', 2006, Penguin Group. .

Commentary authored by

* "A Generational Opportunity." Yahoo! Finance, March 17, 2009. * "Successful Active Stock Investing is Hard: Here are Seven Traits that I Believe are Required for Active Investors to Win in the Long Term." Yahoo! Finance, March 13, 2017. * "What Works on Wall Street." Talks at Google, March 21, 2017 (Published April 5, 2017).

Books about

* * * * *

References

External links

O'Shaughnessy Ventures Website

O'Shaughnessy stock market commentary: archive

Manager Profile: Bear Stearns Asset Management
* {{DEFAULTSORT:Oshaughnessy, James 1960 births Living people American financiers American money managers American chief executives of financial services companies American philanthropists Economists from Minnesota American investors American finance and investment writers University of Minnesota College of Liberal Arts alumni Stock and commodity market managers American financial analysts American stock traders 21st-century American economists Chief investment officers