Fund Openings, Closings, Manager Moves: Oppenheimer Brings a Team Approach to Enterprise
Oppenheimer, after the recent defection of manager Jay Tracey to Berger Funds, has decided that the $900 million (OENAX)Enterprise fund will be managed by a group, a spokesman said.
David Hyun was named lead manager of the fund; he will be assisted by other members of the Oppenheimer growth team. Hyun had been the co-manager with Fred Alger's Spectra and Enterprise Internet funds before his new post, which he started on Monday. Oppenheimer Enterprise will move away from its micro-cap strategy to adapt to Hyun's multi-cap approach. See Wednesday's Fund Openings, Closings, Manager Moves. See Monday's Fund Openings, Closings, Manager Moves.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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