On December 2, 2015, OppenheimerFunds, Inc. finalized its acquisition of 100% of the equity interest in independent institutional investment adviser VTL Associates, LLC.
VTL Associates, LLC (“VTL”) was previously the investment adviser to the Oppenhemer Revenue Weighted ETF Trust. The transaction, which was originally announced in September, expands OppenheimerFunds, Inc.’s client offerings into smart-beta strategies.
VTL has been using its smart-beta ETF platform since 2008. As of September 2015, VTL managed $1.7 billion for its investors across 8 ETFs and separate accounts.
OppenheimerFunds, Inc. is a global asset manager with $220 billion in assets under management as of August 31, 2015. It is made up of 14 distinct investment management teams that focus in equity, fixed income, alternative and multi-asset strategies.
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