NEW YORK, October 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, and portfolio 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.