RICHMOND, Va., Aug. 1, 2018 /PRNewswire/ -- Enterprise Diversified, Inc. (OTCQB: SYTED) ("ENDI" or the "Company") announced that Willow Oak Asset Management, its asset management subsidiary, today launched Willow Oak Select Fund, LP ("Willow Oak Select Fund" or "WOSF"), the newest private investment partnership to join the Willow Oak platform. Willow Oak Select Fund is a curated 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."
Additional information can be found at willowoakfunds.com/select/.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND ONLY AS TO MATTERS CONCERNING ENTERPRISE DIVERSIFIED, INC. THIS PRESS RELEASE IS NOT, AS TO ANY PERSON OR THE PUBLIC GENERALLY, AN OFFER TO SELL, OR A SOLICITATION OF AN OFFER TO BUY, ANY SECURITY, INCLUDING, WITHOUT LIMITATION, ANY LIMITED PARTNERSHIP INTERESTS IN ANY PRIVATE INVESTMENT FUND MANAGED OR SPONSORED BY WILLOW OAK ASSET MANAGEMENT. ANY SUCH OFFERING MAY BE MADE ONLY BY, AND IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN, A PRIVATE CONFIDENTIAL INFORMATION MEMORANDUM RELATED THERETO, AND IN ALL CASES ONLY IN ACCORDANCE WITH, AND SUBJECT TO, APPLICABLE LAW. ANY SUCH OFFERING MAY BE MADE ONLY BY WILLOW OAK ASSET MANAGEMENT AND/OR ITS AUTHORIZED AFFILIATES AND NOT BY ENTERPRISE DIVERSIFIED, INC., AND ENTERPRISE DIVERSIFIED, INC. HAS NO AUTHORITY WITH RESPECT TO ANY SUCH OFFERING.
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.
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. These statements are not guaranties of future performance, and actual results may differ materially from those forecasted.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending," and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs, or projections.
SOURCE Enterprise Diversified, Inc.