September 4, 2008
By Michael Difensore
A ritual the Freemasons do is bizarre. Four Masons will interlock hands like shown above in Oppenheimer Funds logo. They will then raise their hands above their heads and all four will chant real loud Jahbulon. In my research of Freemasonry Jahbulon is a demon they worship representing three different gods. Jah represents Yehwey , Bul represents Baal and On represents Osiris. The Oppenheimer Fund logo represents Jahbulon. Watch video below for more explanation of this.
Below is the history of Oppenheimer Funds from their official website. oppenheimerfunds.com
OppenheimerFunds traces its origins to Oppenheimer & Co., a brokerage firm founded in the early 1950s. In 1960, Oppenheimer & Co. decided to create a separate subsidiary to manage its mutual fund business and organized Oppenheimer Management Corporation to act as the investment adviser for the Oppenheimer Fund, which was first offered to the public on April 30, 1959. Oppenheimer Management Corporation was renamed OppenheimerFunds, Inc. in 1996.
The Early Years
Throughout the 1960s and 1970s, the Company prospered. Oppenheimer Fund, an innovative product for its day, grew in size and was the centerpiece of a developing product line that included 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. In 1978, OFI continued to broaden its product line, adding its first "high-yield" bond product, Oppenheimer Champion Income Fund.
In 1975, Oppenheimer & Co. restructured and formed three operating subsidiaries: (1) Oppenheimer Management Corp. (now OppenheimerFunds, Inc.); (2) Oppenheimer & Co., Inc., a retail brokerage firm; and (3) Oppenheimer Capital Corporation, an institutional investment manager. That same year, OppenheimerFunds acquired a Denver-based investment advisor, Hamilton Management Corporation, which formed the foundation of the Company's Colorado-based operations.
The 1980s: Growth and Reorganizations
By the end of 1981, OppenheimerFunds had grown into a major player in the fund industry with more than $4.2 billion under management and a variety of fund offerings, including Oppenheimer Target Fund (now Oppenheimer Capital Appreciation Fund), which was launched earlier that year.
In 1982, the partners that founded Oppenheimer & Co. sold their business, including the three operating subsidiaries, to Mercantile House Holdings, PLC, a publicly owned British corporation. Just three years later, however, the management of 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.
On the product side, also in 1987, the Main Street Funds, Inc. were organized as a special "private label" product that could be offered by banks to their customers under the bank's name. Six years later, those funds would become "Oppenheimer" funds, with the principal product renamed Oppenheimer Main Street Growth & Income Fund (now Oppenheimer Main Street Fund). The two other Main Street funds—Oppenheimer Main Street Small Cap Fund and Oppenheimer Main Street Opportunity Fund—were added in 1999 and 2000, respectively.
The 1990s: Independence and Acquisitions
In 1990, OppenheimerFunds' senior management together with Massachusetts Mutual Life Insurance Company (MassMutual), acquired OppenheimerFunds and its subsidiaries from British & Commonwealth, creating the ownership structure that remains in place today.
In November 1995, the Company purchased the Quest for Value Funds from Oppenheimer Capital, and in January 1996, OppenheimerFunds purchased The Rochester Funds, thus establishing OppenheimerFunds' Rochester division, which oversees the management of the OppenheimerFunds municipal bond fund line-up. The following year, in 1997, the innovative Oppenheimer Real Asset Fund (in January 2007, the name changed to Oppenheimer Commodity Strategy Total Return Fund)was launched, providing mutual fund investors with their first access to the commodities market.
In the late 1990's, OppenheimerFunds began to extend beyond retail mutual 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. OppenheimerFunds, Inc. continues to serve as the investment advisor.
In 1999, Trinity Investment Management Corporation was acquired to provide management of institutional domestic equity portfolios. Later that year, separately managed clones of three Oppenheimer international equity mutual funds were made available to institutional investors: Global Equity, International Equity and Emerging Markets Equity. Together, these capabilities formed the foundation of what would become OFI Institutional Asset Management.
Today: Still The Right Way to Invest
OppenheimerFunds, through consistently strong investment results and first-rate customer service, has grown dramatically and currently, along with its affiliates, managed over $ 225 billion in assets, including mutual funds having more than 6 million shareholder accounts, as of June 30, 2008 . During that time, OFI has continued to expand its focus beyond that of a retail mutual fund provider to become a diversified asset management firm offering high net worth and institutional products and services. To help develop and broaden these additional business lines, OppenheimerFunds has made a number of strategic acquisitions and internal expansions.
On the institutional side, OFI Institutional Asset Management was officially founded in September 2001 and now offers a broad array of traditional and alternative investment capabilities serving the needs of pension funds, foundations, endowments and other institutions.
In October 2001, Tremont Capital Management, Inc., a global leader in hedge fund investment products and advisory services, was acquired. Today, Tremont, using its innovative "fund of funds" investment approach, manages or advises approximately $8 billion in hedge fund assets for a wide range of clients including institutional investors, public and private pension plans, ERISA plans, university endowments, foundations, and financial institutions, as well as high net worth individuals. In January 2002, OppenheimerFunds and Tremont teamed to offer the Oppenheimer Tremont Hedge Fund Series including Oppenheimer Tremont Market Neutral Fund LLC and Oppenheimer Tremont Opportunity Fund LLC.
Further bolstering its high net worth line-up, OppenheimerFunds added a separately managed account capability through the creation of subsidiary OFI Private Investments and the April 2002 acquisition of Gulf Investment Management, a value equity separate accounts specialist.
Today, OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions around the world, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Posted by Michael Difensore at 3:50 AM