In the Margins

Oppenheimer to shut 20-year-old commodities fund

May 12, 2016

By The Wall Street Journal

OppenheimerFunds Inc. is shutting down its nearly 20-year-old commodities fund following years of losses and underperformance. The firm will liquidate the $269 million Commodity Strategy Total Return Fund in mid-July. “We continue to believe in the merit of an investment strategy that includes exposure to commodities; but as investors’ appetite for this asset class has evolved over time, we believe such a strategy can best be implemented as a component of diversified multi-asset portfolios,” Mark Hamilton, CIO of asset allocation, said. Read the original story from The Wall Street Journal.