Q2 2026 Snow All Cap Value Commentary
Equity markets reached new highs during the second quarter, but returns remained concentrated among a narrow group of technology and AI-related companies.
Learn MoreSenior Portfolio Manager
Easterly Snow
Richard is a Senior Portfolio Manager at Easterly Snow.
Prior to joining Easterly Snow, Richard was the Founder and Managing Principal of Snow Capital. Previously, Richard formed R.A.S. Capital Management in 1980, where he managed private family assets. In 2001, Richard restructured R.A.S. as Snow Capital Management LP to attract and retain other quality investment professionals and grow the firm’s account base. Over time, he has assembled and developed a strong investment team who continue to apply his fundamental, bottom-up stock picking process of value investing.
Richard received a B.A. from Duquesne University and an MBA in Finance from the University of Pittsburgh.
Equity markets reached new highs during the second quarter, but returns remained concentrated among a narrow group of technology and AI-related companies.
Learn MoreThe heightened volatility at the end of the first quarter of 2026 tested the resolve of value investors, challenging them to avoid the perceived safety of defensive sectors and the temptation of short-term opportunities.
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