OEW Investment Advisors · Austin, Texas
The next era of investing is simplicity.
OEW is an investment firm built on four decades of leading some of the largest institutional funds in the United States. We allocate capital by the economic environment, simply, transparently and without leverage.
Who we are
The discipline of the largest institutions, for a small group of investors.
OEW was founded by Britt Harris, the only investor to have served as chief investment officer of top-five funds in endowments, public pensions, corporate plans and hedge funds. The firm brings the discipline of those institutions to a small group of families and institutions who value a clear process over complexity.
How we invest
Markets have a fair value for each environment, not one.
We identify the current environment using growth and inflation, hold the portfolio that has historically suited it, and apply two overlays that reduce exposure to speculative bubbles and sustained bear markets. The result is a portfolio that is simple, fully liquid and unlevered.
The environment
Every period since 1947 classified by growth and inflation into one of nine environments. The strategy holds the portfolio suited to the current one.
Two overlays
The Bubble Model reduces exposure to speculative excess. A bear market trigger lowers equity exposure during sustained declines.
What we hold
U.S. equities, U.S. Treasuries and cash through low-cost index instruments. Nothing private, nothing illiquid, no leverage.
Share of all months since October 1957, the model's monthly record, spent in each environment. Most of history sits in the middle. The extremes are where the risk lives.
Our founder
"Simplicity is the final frontier of knowledge, not complexity."
Britt Harris, Chief Executive Officer, Chief Investment Officer and Founder
Britt Harris has led some of the largest institutional investors in the United States and is the only investor to have served as chief investment officer of top-five funds in four categories: endowments, public funds, corporate plans and hedge funds. Over four decades he has directly managed more than $500 billion and actively advised more than $3 trillion.
He has advised the Federal Reserve Banks of New York and Dallas, the New York Stock Exchange and the President's Working Group on Financial Markets, chaired a presidential task force on Social Security, and served as an investment ambassador for the United States to China, Japan, France, Germany and the United Kingdom. He has received three lifetime achievement awards and was inducted into the Hedge Fund Hall of Fame.
- $500B+directly managed
- $3T+actively advised
- 4top-five funds led
Institutions led
The fund
The Eagle Classic Fund
Eagle Classic is a single strategy that allocates across U.S. equities, Treasuries and cash. It is designed for investors who want to hold one portfolio through a full market cycle, with lower volatility and limited drawdowns relative to the equity market.
