Oppenheimer winds down Tremont registered fund

Fri Mar 6, 2009

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Oppenheimer Funds is returning money to investors in the OFI Tremont Core Strategies Hedge Fund. Although this publicly registered fund of hedge funds did not have direct exposure to Bernard Madoff, Oppenheimer points out in a regulatory filing that Tremont, the subadvisor to the offering, is defending itself in several lawsuits related...

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