Easterly Asset Management is a global investment management firm launched in 2019. The firm pairs specialized investment teams with premier mutual fund investment strategies across equities, fixed-income, and alternative investments. It is a multi-manager investment firm offering a variety of actively managed investment portfolios with different investment objectives. 

Easterly selects investment managers with a proven track record and supports them in their investment decisions, with a focus on risk management and support of the necessary infrastructure and services. Easterly’s leadership team, on average, has more than 20 years of experience in the financial services industry. This structure makes Easterly mutual funds a compelling investment option. 

We have picked three funds — Easterly Hedged Equity (JDAEX Quick QuoteJDAEX - Free Report) , Easterly Snow Long/Short Opportunity  (SNOAX Quick QuoteSNOAX - Free Report) and Easterly Income Opportunities (JASVX Quick QuoteJASVX - Free Report) — which investors should buy now for the long term. These funds have a Zacks Mutual Fund Rank #1 (Strong Buy) or Rank 2 (Buy), with positive three-year and five-year annualized returns, minimum initial investments within $5000 and expense ratios considerably lower than the category average. So, these funds have provided comparatively stronger performance and carry a lower fee.

Easterly Hedged Equity fund invests its assets in U.S. equities and uses options strategies to hedge against significant market downturns. 

Edward Boll has been the lead manager of JDAEX since July 31, 2015. Most of the fund’s holdings were in companies such as State Street SPDR S&P 500 ETF Trust (66%), Spy Bullet Swap J (8.5%) and Recv Spy Bullet Swap N (6.7%) as of Sep. 30, 2026.

JDAEX’s 3-year and 5-year annualized returns are 14.5% and 10.3%, respectively. Its net expense ratio is 1.65%. JDAEX has a Zacks Mutual Fund Rank #1.                       

To see how this fund performed compared to its category, and other 1 (Strong Buy) and 2 Ranked Mutual Funds,please click here.

Easterly Snow Long/Short Opportunity fund invests in equity securities of companies of all sizes, including common and preferred stocks, convertible securities, and equity-focused funds and ETFs. 

Richard Snow has been the lead manager of SNOAX since Aug. 16, 2023. Most of the fund’s holdings were in companies like B2Gold Corp. (4.9%), Dell Technologies Inc. (4%) ConocoPhillips (3.7%) as of Sep. 30, 2026. 

SNOAX’s 3-year and 5-year annualized returns are 15.2% and 9.9%, respectively. Its net expense ratio is 2.10%. SNOAX has a Zacks Mutual Fund Rank #2.

Easterly Income Opportunities fund invests in bonds backed by residential mortgages, commercial real estate, and consumer loans, with an emphasis on evaluating individual securities and their underlying cash flows rather than constructing portfolios based on interest-rate forecasts.

Jay Menozzi has been the lead manager of JASVX since Aug. 21, 2018. Most of the fund’s holdings were in companies like United States Treasury Notes 3.625% (2.6%), United States Treasury Notes 3.875% (2.2%) and United States Treasury Bills 0% (2.2%) as of Sep. 30, 2026. 

JASVX’s 3-year and 5-year annualized returns are 6.1% and 2.8%, respectively. Its net expense ratio is 1.65%. JASVX has a Zacks Mutual Fund Rank #2.

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(We are reissuing this article to correct a mistake. The original article, issued on Nov. 5, 2026, should no longer be relied upon.)