Olstein Capital Management has hired Richard Begun, 42, as senior vice president and portfolio manager of the Olstein All Cap Value Fund. He replaces Sean Reidy. Before joining Olstein, Begun was principal, portfolio manager and senior research analyst at Clay Finlay, a global equity management firm.

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Richard Begun, 42, has joined Olstein Capital Management, L.P. as Senior Vice President and Co-Portfolio Manager of the Olstein All Cap Value Fund. Begun succeeds Sean Reidy.

Previously, Begun was Principal, Portfolio Manager and Senior Research Analyst at Clay Finlay, a global equity management firm. Prior to that, Begun served as Managing Director with Horizon Asset Management, Equity Portfolio Manager & Vice President of the Orbitex Group of Funds, Institutional Equity Portfolio Manager at The Bank of New York, Associate Consultant at Evaluation Associates, and Senior Corporate Financial Analyst at Marsh & McClennan Companies.

“Richard’s 18 years of portfolio management experience in identifying undervalued securities adds talent, experience and new insight to our portfolio management team,” said Robert A. Olstein, CEO & CIO of Olstein Capital Management, L.P. Begun holds an M.B.A from Baruch College, an M.A. in Economics from Brooklyn College and a B.S. in Economics from Binghamton University.

The Olstein All Cap Value Fund seeks to invest in a diversified portfolio of under-valued equity securities. The investment philosophy emphasizes a detailed look behind the numbers of a company’s financial statement to assess the company’s financial strength and potential downside risk before considering a stock’s potential for capital appreciation. For more information, visit www.olsteinfunds.com 

Edited by: Erin Kello


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