Oregon State officials are investigating Oppenheimer, which managed Oregon's College Savings Network:
"The bond funds in question contributed to exorbitant losses in the network's conservative portfolios. OppenheimerFunds' Core Bond fund declined about 35 percent last year. The short-term government fund lost 6 percent last year. By comparison, a benchmark measure of its peers -- Barclays Capital U.S. 1-3 Year Government Bond Index -- gained 6.7 percent."
4 comments:
I think Oppenheimer are guilty in this case.
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