NEW YORK, Aug. 27, 2015 /PRNewswire/ -- OppenheimerFunds, a leader in global asset management, today launched the Oppenheimer Global Multi-Asset Growth Fund, underscoring the continuing expansion of the firm's multi-asset, client-focused approach.
The new fund invests across asset classes to efficiently provide risk-adjusted growth while mitigating downside risk and volatility. It is co-managed by Mark Hamilton, Chief Investment Officer, Asset Allocation; and Portfolio Managers Dokyoung Lee, CFA; Alessio de Longis, CFA; and Benjamin Rockmuller, CFA.
"OppenheimerFunds has developed a distinctive way of thinking about multi-asset portfolios to best serve client needs and objectives. We are providing clarity by creating four multi-asset portfolios to address the typical investment objectives voiced by investors and their advisors: growth, income, diversification and inflation protection. These solutions are designed to address the needs of clients across all market environments," said Krishna Memani, Chief Investment Officer, OppenheimerFunds. "Mark Hamilton has built a team that is custom made for this objective-driven approach in the multi-asset space."
Hamilton joined OppenheimerFunds in 2013 to build out the firm's multi-asset capabilities. He leads a seasoned 20-person investment team with deep experience across traditional and alternative assets, including equities, fixed income, credit, currencies and commodities. The team's investment expertise spans a variety of disciplines, including quantitative, fundamental and macroeconomic analysis.
"We seek to provide investors and advisors with solutions to meet their key investment objectives. To do this, we combine multiple perspectives -- macro, valuation, and risk -- to develop a robust view of opportunities and risks across asset classes," Hamilton said. "Our team has a great chemistry -- dynamic, creative, and collaborative -- that generates ideas informed by the vigorous exchange of different perspectives. That is how we develop distinctive approaches to the needs of investors and advisors."
Mark Hamilton, CIO, Asset Allocation leads the firm's efforts in designing and implementing multi-asset products and solutions. He serves as portfolio manager of Oppenheimer Global Allocation Fund, Oppenheimer Global Multi-Alternatives Fund, Oppenheimer Global Multi-Asset Growth Fund, Oppenheimer Global Multi-Asset Income Fund and the Oppenheimer Portfolio Series Funds. Additionally, his team manages Oppenheimer Flexible Strategies Fund, Oppenheimer Capital Income Fund, Oppenheimer Commodity Strategy Total Return Fund and Oppenheimer Global Multi Strategies Fund.
Hamilton joined the firm in 2013 from AllianceBernstein, L.P., where he held various roles throughout his 19-year tenure. Most recently, he was investment director on the Dynamic Asset Allocation portfolio management team. His responsibilities included managing investments in the global equity, bond, credit, currency and real asset sectors, and directing the design, development and implementation of dynamic asset allocation strategies for institutional, sub-advisory, retail and private client channels. He previously served as Head of the North American Blend team, Director of Fixed Income Plus Strategies, and Co-Head of the UK and European Fixed Income team.
Hamilton holds an M.S. in finance and applied economics from the Sloan School of Management at the Massachusetts Institute of Technology, and a B.A. in international relations and political science from the University of Southern California.
Alessio de Longis, CFA is a portfolio manager for the Global Multi-Asset Group, which he joined in October 2013. He is a portfolio manager of Oppenheimer Global Allocation Fund, Oppenheimer Global Multi-Alternatives Fund, Oppenheimer Global Multi-Asset Growth Fund and Oppenheimer Global Multi-Asset Income Fund. Additionally, de Longis leads the group's macro strategy, focusing on business cycle dynamics, global macro regimes, and their impact on asset class risks and returns, and manages and oversees active currency strategies in GMAG's funds.
Between 2004 and 2013, de Longis was a member of the Global Debt team where he served as Portfolio Manager and Quantitative FX Strategist. He developed a large set of valuation and forecasting models for global interest rates and currency markets.
de Longis received an MSc in financial economics and econometrics from the University of Essex in the United Kingdom, and a B.A. and M.A. summa cum laude in economics from the University of Rome Tor Vergata in Italy. He is a CFA® charterholder and a published author with several publications in the field of systematic currency investing using macro information. He also published an Op-Ed for The Wall Street Journal on the Italian and European Debt Crisis.
Dokyoung Lee, CFA serves as the director of research for the Global Multi-Asset Group. In this capacity he leads the research efforts to support the design and implementation of the OppenheimerFunds' multi-asset products and solutions. Additionally, Lee is a portfolio manager of Oppenheimer Global Allocation Fund, Oppenheimer Global Multi-Alternatives Fund, Oppenheimer Global Multi-Asset Income Fund, Oppenheimer Global Multi-Asset Income Fund and the Oppenheimer Portfolio Series funds.
Prior to joining OppenheimerFunds in 2013, Lee held various leadership positions in research and portfolio management during his 19-year tenure at AllianceBernstein. In his most recent role as director of research for Strategic Asset Allocation, he led a team of analysts and portfolio managers in providing asset allocation solutions to clients globally and launching/managing multi-asset portfolios for individuals and institutions. Previously, Lee was global director of research for the Blend team, head of the Asia/Pacific Blend team, and a member of the Japan Value Investment Policy Group. Before starting his investment career, he was a consultant with Andersen Consulting (Accenture) and KPMG.
Lee holds a B.S. in engineering from Princeton University and is a CFA® charterholder.
Benjamin Rockmuller, CFA is a senior portfolio manager of Oppenheimer Global Allocation Fund, Oppenheimer Global Multi-Alternatives Fund, Oppenheimer Global Multi-Asset Growth Fund and Oppenheimer Global Multi-Asset Income Fund. Additionally, Rockmuller is responsible for the primary and secondary trading of event-linked bonds and has been involved with the analysis and management of insurance related investments since 2005. He also remains active in the operation of Oppenheimer Master Event-Linked Bond Fund.
Previously, Rockmuller oversaw execution of quantitative trading strategies and risk management for Oppenheimer Global Strategic Income Fund, Oppenheimer International Bond Fund, Oppenheimer Active Allocation Fund and Oppenheimer Global Multi Strategies Fund.
Rockmuller holds a B.B.A in finance from the University of Massachusetts at Amherst and an M.B.A from New York University's Stern School of Business. Additionally, he is a CFA® charterholder.
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 $233 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of July 31, 2015.
Founded in 1959, OppenheimerFunds is a high conviction asset manager with a history of providing active, innovative investment strategies to its investors. The firm's 14 distinct, collaborative investment management teams specialize in equity, fixed income, alternative and multi-asset strategies. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors serving individual investors. OppenheimerFunds provides advisory services to the Oppenheimer mutual funds, and OFI Global Asset Management offers solutions to institutions. For more information, visit oppenheimerfunds.com.
Investments in mutual funds are subject to market risk and volatility. Shares may gain or lose value. 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.
Alternative asset classes may be volatile and are subject to liquidity risk. Derivative instruments, whose values depend on the performance of an underlying security, asset, interest rate, index or currency, entail potentially higher volatility and risk of loss compared to traditional stock or bond investments. The Fund may invest substantially in exchange traded notes (ETNs) whose returns are linked to the performance of an index and are subject to the risk of industry or sector concentrations. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Fixed income investing entails duration, credit and interest rate risks. Interest rate risk is the risk that rising interest rates or an expectation of rising interest rates in the near future will cause the values of the Fund's investments to decline. Credit risk is the risk that the issuer of a security might not make interest and principal payments. Risks associated with rising interest rates are heightened given that rates in the U.S. are at or near historic lows. When interest rates rise, bond prices generally fall, and the Fund's share prices can fall. The Fund invests in below-investment-grade ("high yield" or "junk") bonds which may be subject to greater price fluctuations than investment grade securities, are more at risk of default and are subject to liquidity risk. Small and mid-sized company stocks are typically more volatile than those of larger, more established businesses, and their securities may be more difficult to sell than those of larger companies. There is no guarantee that the issuers of stocks held by mutual funds will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Investments in securities of growth companies may be volatile. Investments in mining and metal industry companies are speculative and may be subject to volatility. Gold ETFs involve additional fees and risks. Commodity-linked investments are speculative and have substantial risks, including the loss of principal. Short selling may increase volatility and risk of loss and is considered a speculative investment practice. Investing in long/short strategies presents the potential for significant losses, including the loss of the Fund's total investment. Such strategies are subject to heightened volatility.
The Fund may invest in other investment companies and are subject to risks of any such investment company's portfolio. Investing in another investment company may involve paying a premium above the value of that investment company's portfolio securities and is subject to a ratable share of that investment company's expenses. Investments in real estate companies, including REITs or similar structures, are subject to volatility and other related risks 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.
Investing in MLPs involves additional risks as compared to the risks of investing in common stock, including risks related to cash flow, dilution and voting rights. The Fund's investments in securities issued by MLPs are concentrated in the energy infrastructure industry which may be subject to increased volatility. Energy infrastructure companies are subject to risks specific to the industry or sector such as fluctuations in commodity prices, reduced volumes of natural gas or other energy commodities, environmental hazards, changes in the macroeconomic or the regulatory environment or extreme weather. MLPs may trade less frequently than larger companies due to their smaller capitalizations.
The Fund may also invest through a wholly-owned Cayman Islands subsidiary, which involves the risk that changes to the laws of the Cayman Islands could negatively affect the Fund.
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