Oppenheimer Picks up Value Manager
February 12, 2002 (PLANSPONSOR.com) - OAM
Institutional, a subsidiary of OppenheimerFunds, has agreed
to acquire Gulf Investment Management, of Houston, a separate
account manager.
Reported by Fred Schneyer
The transaction, the terms of which were not disclosed, is expected to close this spring.
Founded in 1980, Gulf Investment Management focuses on large-cap value stocks by identifying companies with shares that are selling at least a third below their value. The company had approximately $2.5 billion in assets under management as of December 31, 2001.
Its clients include corporate and public pensions, unions, endowments, and foundations.