NEW YORK, May 26, 2016 /PRNewswire/ -- OppenheimerFunds, a leading global asset manager, today announced a strategic partnership with Macquarie Investment Management, a division of Macquarie Group Limited (ASX:MQG), to launch the Oppenheimer Macquarie Global Infrastructure Fund.
"We are excited about this new relationship with Macquarie and believe that providing a global listed infrastructure offering will complement our existing real asset strategies for our clients," said Art Steinmetz, Chairman and CEO of OppenheimerFunds. "As part of the largest infrastructure asset manager in the world, Macquarie Investment Management offers a well-established global infrastructure platform and tenured investment team that complement our strong in-house capabilities."
The Oppenheimer Macquarie Global Infrastructure Fund seeks total return. The mutual fund seeks to offer portfolio diversification, a potential hedge against inflation, strong risk-adjusted returns relative to the broader equity market, and liquid exposure to an asset class that has traditionally only been available in private or illiquid structures. The fund employs rigorous, fundamental bottom-up research to identify hidden alpha opportunities as well as robust portfolio construction and risk management.
The portfolio managers invest in listed U.S. and non-U.S. companies that own or operate infrastructure assets such as toll roads, airports, seaports, utilities, and pipelines. The fund is managed by members of Macquarie's highly experienced global listed infrastructure team: Brad Frishberg, Chief Investment Officer and Lead Portfolio Manager; Anthony Felton, Portfolio Manager; and Jonathon Ong, Portfolio Manager. The team's dual location in New York City and Sydney, Australia, ensures trading coverage across all time zones.
"We are truly excited about this partnership with OppenheimerFunds," said Brad Frishberg, Chief Investment Officer of Macquarie's global listed infrastructure strategies and Lead Portfolio Manager of Oppenheimer Macquarie Global Infrastructure Fund. "This fund will invest in high-quality, real assets that are essential to the efficient functioning of global economies. The companies in which we invest generally offer attractive characteristics, which can include stable cash flows, strong competitive positions, and inflation protection. We look forward to working with OppenheimerFunds as more investors recognize the potential benefits of adding global listed infrastructure to their asset allocation frameworks."
OFI Global Asset Management, Inc., a wholly-owned subsidiary of OppenheimerFunds, Inc., is the Manager, OppenheimerFunds, Inc., is the Sub-adviser, and Macquarie Investment Management is the Sub-Sub-adviser of the Oppenheimer Macquarie Global Infrastructure Fund.
OppenheimerFunds, a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $216 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of April 30, 2016.
Founded in 1959, OppenheimerFunds is a high conviction asset manager with a history of providing innovative strategies to its investors. The firm's 16 investment management teams specialize in equity, fixed-income, alternative, multi-asset, and factor-weighted-ETF strategies. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. For more information, visit oppenheimerfunds.com.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie's main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 14,300 people and has assets under management of $366 billion (as of March 31, 2016). For more information, please visit www.macquarie.com.
Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.
Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.
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