Enterprise Diversified, Inc. (OTCQB: SYTED) announced that Willow Oak Asset Management, its asset management subsidiary, today launched Willow Oak Select Fund, LP, the newest private investment partnership to join the Willow Oak platform. Willow Oak Select Fund is acurated set of global investment opportunities selected from the Willow Oak fund manager alliance.
Willow Oak Select Fund will consist of 20 to 30 of the contributing fund managers' best ideas, having been analyzed by the WOSF portfolio manager and critiqued by the WOSF portfolio advisor. The portfolio manager will endeavor to structure the portfolio such that there is geographic, industry, and investment type diversity. Investment types are expected to include: long-term compounders, special situations, time arbitrage, compound mispricings, and balance sheet investments. In all cases, the portfolio manager will seek asymmetric risk/reward opportunities. Emphasis will be placed on strong balance sheets, growing and durable businesses, and superior management teams.
Willow Oak Select Fund is led by Rodney Lake, portfolio manager and ENDI COO. Mr. Lake is also the founder and chief investment officer of Benval Group LLC and the director of The George Washington (GW) Investment Institute at the GW School of Business.
Mr. Lake stated, "Willow Oak Select Fund offers a unique opportunity to access talented niche fund managers while benefiting from a single fee structure and achieving diversification across strategies in a best ideas fund. This is a creative way for us to utilize our skill sets and further build the platform at Willow Oak Asset Management. I thank Mr. Michael Bridge, who serves as the WOSF portfolio advisor, for developing this innovative approach. We look forward to building on our existing partnerships and crafting new partnerships moving forward."
ENDI CEO Steven Kiel added, "Willow Oak Select Fund investors will get access to a diversified portfolio made up of the best ideas submitted by a group of talented managers. I am thrilled to be a contributor along with several other portfolio managers whom I deeply admire."
About Enterprise Diversified, Inc.
Enterprise Diversified, Inc. and its subsidiaries engage in several diverse business activities in the following industries: asset management, real estate, internet access, and home services. The company's philosophy is to centralize capital allocation decisions at the corporate level and decentralize operational decisions among subsidiary managers. Copies of Enterprise Diversified's press releases and additional information about the company are available at www.enterprisediversified.com.
About Willow Oak Asset Management
Willow Oak Asset Management is a wholly owned subsidiary of Enterprise Diversified, Inc., managing a platform of private investment partnerships which are independently run by unique fund managers who uncover uncommon opportunities and who share a commitment to investing for the long term and utilizing a value-oriented investment framework. Collectively, these funds reflect 85 years of experience and more than $30 million in assets under management.
