NEW YORK, Jan. 12, 2018 /PRNewswire-USNewswire/ — OppenheimerFunds, a leading global asset manager, announced that Rajeev Bhaman, CFA and John Delano, CFA, portfolio managers of Oppenheimer Global Fund (OPPAX), have been nominated for Morningstar’s 2017 International Stock Fund Manager of the Year award. Each year Morningstar nominates and awards managers who have delivered strong performance, demonstrated excellent long-term, risk-adjusted returns and have been exemplary stewards of shareholders’ capital.
Rajeev Bhaman, CFA, Director of Global Equities, has 28 years of industry experience and has been with OppenheimerFunds for 21 years. In 1996, Bhaman launched Oppenheimer Developing Markets Fund and successfully managed the strategy for eight years. He transitioned to Oppenheimer Global Fund in 2004 and has been managing the strategy for 13 years.
John Delano, CFA, has 19 years of industry experience and has been with OppenheimerFunds for 10 years. Delano has made significant contributions to Oppenheimer Developing Markets Fund’s long-term success for over six years as a senior analyst and was elevated to co-portfolio manager in March 2017.
“This nomination is a testament to Rajeev and John’s excellent long-term investment prowess and aligning their interests with shareholders,” said Krishna Memani, CIO, OppenheimerFunds. “The team has had much success by owning global beneficiaries of structural growth, buying quality companies at attractive entry prices, investing with a long-term horizon and having the courage to differ from the consensus to benefit investors. Their independent judgment and disciplined investment process have allowed them to outperform many of their peers in this space.”
Pioneers in global investing since 1969, OppenheimerFunds’ Global Equity Team has focused on structural changes occurring throughout the world, identifying the industries and companies which are best positioned to benefit. The team identifies long-term, powerful demographic and economic shifts that serve to provide tailwinds to sustain cash flow and earnings growth for the next decade. In managing Oppenheimer Global Fund, Bhaman and Delano use a bottom-up fundamental investment approach to identify exceptional businesses with durable earnings growth, sustainable competitive advantages, strong management and high return on capital. The result is a high-conviction, diversified, low turnover portfolio where sector and country exposures are a byproduct of stock selection.
Morningstar plans to announce its 2017 International Stock Fund Manager of the Year award winners on Jan. 24 live on CNBC’s “Power