OpFunds [profile] is building out its multi-asset operations, launching a Global Multi-Asset Group (GMAG).

The Global Multi-Asset Group is a team of experienced investment professionals led by Mark Hamilton who joined the firm as CIO, Asset Allocation in April. The team will develop and manage multi asset portfolio strategies.

"We believe the expansion of the team help build on OppenheimerFunds' reputation as a high conviction, high alpha active manager with a globalized view, positioning our multi asset strategies as we continue to seek positive long term growth and performance," stated Mark Hamilton, CIO, Asset Allocation. "I was brought in to help develop product innovations to actively manage risk and enhance return potential in order to better meet our clients' needs."

The group consists of nine portfolio managers and analysts.� The team includes Alessio de Longis, portfolio manager of Oppenheimer Currency Opportunities Fund who joins as Vice President, Macro Strategist.�

Two new hires fill out the team. Dokyoung Lee joins as Senior Vice President, Director of Research. He has 19 years of asset management experience and joins from AllianceBernstein. The business team is expanding with Laura Lawson joining as VP, Senior Client Portfolio manager from Brandywine Global with 14 years of experience. Lawson will report to Kamal Bhatia, SVP and Head of Fixed Income and Alternative products.

Here is the press release:

Company Press Release
OppenheimerFunds Expands Global Multi-Asset Allocation Group

NEW YORK, Oct. 17, 2013 -- OppenheimerFunds announces an expansion of its multi asset capabilities with a newly formed Global Multi-Asset Group (GMAG). The Global Multi-Asset Group is a team of experienced investment professionals led by Mark Hamilton who joined the firm as CIO, Asset Allocation in April. The team will develop and manage multi asset portfolio strategies.

"We believe the expansion of the team help build on OppenheimerFunds' reputation as a high conviction, high alpha active manager with a globalized view, positioning our multi asset strategies as we continue to seek positive long term growth and performance," said Mark Hamilton, CIO, Asset Allocation. "I was brought in to help develop product innovations to actively manage risk and enhance return potential in order to better meet our clients' needs."

GMAG is comprised of nine portfolio managers and analysts.� The team includes Alessio de Longis, portfolio manager of Oppenheimer Currency Opportunities Fund who joins as Vice President, Macro Strategist.�

Two new hires fill out the team. Dokyoung Lee joins as Senior Vice President, Director of Research. He has 19 years of asset management experience and joins from AllianceBernstein. The business team is expanding with Laura Lawson joining as VP, Senior Client Portfolio manager from Brandywine Global with 14 years of experience. Lawson will report to Kamal Bhatia, SVP and Head of Fixed Income and Alternative products.

The group is responsible for three functional areas: research, macroeconomic analysis, andportfolio management. GMAG works closely with portfolio managers and research analysts across Oppenheimer's equity, fixed income and alternatives teams to develop and manage innovative portfolio solutions for our clients.

About OppenheimerFunds, Inc.�

OppenheimerFunds, Inc. (OFI) is one of the largest and most reputable investment management firms in the country. Since the original Oppenheimer fund was first offered to the public in 1959, OFI has demonstrated it is a high conviction asset manager with a history of providing innovativeinvestment strategies to its investors. OFI and its subsidiaries offer a broad array of products and services to individuals, institutional investors and corporations worldwide. OFI provides advisory services to the Oppenheimer mutual funds, and OFI Global Asset Management provides services to institutional clients. OFI, including its subsidiaries, managed more than $222 billion in assets for over 12 million shareholder accounts, including sub-accounts, as of September 30, 2013.

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 1.800.255.2755.� Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc. Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008� � 2013 OppenheimerFunds Distributor, Inc. All rights reserved.

SOURCE OppenheimerFunds, Inc.

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