Cornerstone Real Estate Advisers To Manage OppenheimerFunds' Global Real Estate Fund

News provided by

Mar 25, 2013, 07:30 ET

HARTFORD, Conn., March 25, 2013 /PRNewswire/ -- Cornerstone Real Estate Advisers, one of the world's top 10 real estate investment advisory firms,[1] today announced it has been appointed by OppenheimerFunds Inc. (OFI) to manage its newly-launched Global Real Estate Fund.

The Fund will be managed by Cornerstone's Global Real Estate Securities unit led by David Wharmby, CFA, managing director, and will be supported by Cornerstone's highly experienced team of real estate investment professionals. Cornerstone also manages the Oppenheimer Real Estate Fund, which was launched in 2002 and typically invests in U.S. real estate securities.

"We believe there are significant real estate investment growth opportunities globally, particularly in emerging markets," said Wharmby. "OppenheimerFund's Global Real Estate Fund is designed to provide investors with not only more real estate investment choices but also an effective way to help diversify and globalize their investment portfolios."

Contributing to Cornerstone's strategic investment decision-making is its team of investment professionals located in markets across the globe who provide localized and timely data analysis and insight. Additionally, Cornerstone's direct property research model helps the team build and maintain a portfolio geared toward uncovering long-term value and seeking to take advantage of short-term pricing opportunities.

"Real assets, particularly real estate, are core to our alternatives strategy," said Kamal Bhatia, OppenheimerFunds Senior Vice President and Product Director for the taxable fixed income and alternatives team. "OppenheimerFunds believes that all investment strategies need to globalize their opportunity set."

The Global Real Estate Fund will invest in a portfolio of real estate companies in geographic markets and property types, and will include exposure to both developed and emerging markets.

Cornerstone and OppenheimerFunds are members of the MassMutual Financial Group. MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives.

For more information visit www.cornerstoneadvisers.com and www.oppenheimerfunds.com.

About Cornerstone Real Estate Advisers LLC
Cornerstone Real Estate Advisers LLC, with subsidiary and affiliate offices in the U.S., UK, Europe, and Asia, is one of the world's top 10 largest real estate investment managers. [2] It provides core and value-added investment and advisory services, including a comprehensive suite of private and public real estate debt, equity and securities expertise and services, to institutional and other qualified investors around the globe. Cornerstone is a member of the MassMutual Financial Group. Visit www.cornerstoneadvisers.com.

About OppenheimerFunds, Inc.
OppenheimerFunds, Inc. is one of the nation's largest and most respected investment management companies. As of December 31, 2012, OppenheimerFunds, Inc., including subsidiaries, managed more than $195 billion in assets, including mutual funds having more than 12 million shareholder accounts, including sub-accounts. Known for its tagline The Right Way to Invest, OppenheimerFunds, Inc. has been helping investors reach their financial goals since 1960. The company and its divisions and subsidiaries offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, qualified retirement plans and sub-advisory investment management services.

Risks of Investing in the Oppenheimer Global Real Estate Fund. Investments in real estate companies, including REITs or similar structures, are subject to volatility and additional risk, including loss in value due to poor management, lowered credit ratings and other factors. Smaller real estate companies may also be subject to liquidity risk. Small-sized company stock is typically more volatile than that of larger, more established businesses, as these stocks tend to be more sensitive to changes in earnings expectations and tend to have lower trading volumes than large-cap securities, creating potential for more erratic price movements. It may take a substantial period of time to realize a gain on an investment in a small-sized company, if any gain is realized at all. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and political and economic uncertainties. Emerging and developing market investments may be especially volatile. The Fund is classified as a "non-diversified" fund and may invest a greater portion of its assets in the securities of a single issuer.

Shares of mutual 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.CALLOPP. Read prospectuses and summary prospectuses carefully before investing.

OppenheimerFunds are distributed by OppenheimerFunds Distributor, Inc. Two World Financial Center, 225 Liberty Street, New York, NY, 10281

[1] Pensions & Investments 10/15/12
[2] Ibid.

Contact: Patrick Collins
617-553-0349
[email protected]

SOURCE Cornerstone Real Estate Advisers