225 Liberty Street |
New York, NY 10281
Main Phone: 303-768-3200
Mutual Fund Brand(s)
OppenheimerFunds, Oppenheimer MainStreet
SEC Fund Filings by CIK
On October 18, 2018, MassMutual agreed to sell OppenheimerFunds to Invesco for more than $5.7 billion in stock. Invesco closed on the deal on May 24, 2019.
On September 9, 2015, OpFunds unveiled a deal to buy VTL Associates [profile], home of the RevenueShares ETFs. The two parties did not immediately reveal the expected timeframe for closing the deal.
Oppenheimer & Co. launched the Oppenheimer Fund, advised by the just-created Oppenheimer Management Corporation, on May 15, 1959. In 1996 it renamed the adviser to OppenheimerFunds. Through the 1960s and 1970s it added several funds to its family, including the Oppenheimer A.I.M. Fund (now Oppenheimer Global Fund) in 1969, Oppenheimer Special Fund (now Oppenheimer Growth Fund), Oppenheimer Money Market Fund, Inc. in 1973 and Oppenheimer Tax-Free Bond Fund (now Oppenheimer AMT-Free Municipals) in 1976 and the Oppenheimer Champion Income Fund in 1979. It launched Oppenheimer Target Fund (now Oppenheimer Capital Appreciation Fund) in 1981. The firm now has 80 internal and 85 external wholesalers.
In 1975, OppenheimerFunds purchased Denver-based Hamilton Management Corporation to create the foundation of its Colorado-based operations.
United Kingdom-based Mercantile House Holdings, PLC purchased Oppenheimer & Co. and its three business units -- Oppenheimer Management Corp. (now OppenheimerFunds, Inc.); Oppenheimer & Co., Inc.; and Oppenheimer Capital Corporation from its partners in 1982.
In 1985 management teams at Oppenheimer & Co., Inc. and Oppenheimer Capital purchased a majority interest in those firms back from Mercantile, thus officially separating their businesses from OppenheimerFunds. In 1987, British & Commonwealth Holdings, PLC, acquired Mercantile. Also in 1987, the fund firm organized the Main Street Funds, Inc. (now Oppenheimer Main Street) as a special "private label" product that could be offered by banks to their customers under the bank's name.
OppenheimerFunds' senior management partnered with Massachusetts Mutual Life Insurance Company to buy out the fund firm from British & Commonwealth. In November 1995, the Company purchased the Quest for Value Funds from Oppenheimer Capital, and in January 1996, OppenheimerFunds purchased muni-bond specialist The Rochester Funds.
In 1997, OppenheimerFunds created an offshore management company, OppenheimerFunds International Ltd., based in Dublin, Ireland, to manage and offer a series of investment companies for non-U.S. investors. In 2007, Baring Asset Management assumed the distribution responsibilities of this 12-fund series now known as Baring OppenheimerFunds plc.
It purchased Trinity Investment Management Corporation in 1999 to provide management of institutional domestic equity portfolios. Trinity serves as the foundation of OFI Institutional Asset Management.
On July 17, 2012, Oppenheimer unveiled a deal to buy Steelpath Fund Advisors, LLC [profile].
In February, 2014, the firm (now frequently referred to as OpFunds) reorganized the distribution structure of seven of its business units under the leadership of John McDonough, who assumed the role of head of distribution in January.
Previous president and chief investment officer Arthur Steinmetz will assume the position of chief executive officer as of July 1, 2014, replacing William Glavin, who will retain the title of chairman.
Chief Marketing Officer, TIAA
Senior Vice President, Director of Risk Management, OppenheimerFunds, Inc.
SVP, Business Development & Relationship Management at Benetic, Inc.,
SVP, Head of RIA Channel, OppenheimerFunds
Vice President and Chief Compliance Officer, Oppenheimer Funds
Executive Vice President, President, OppenheimerFunds Services, OppenheimerFunds, Inc.