NEW YORK—Cornerstone Real Estate Advisers has been appointed by OppenheimerFunds Inc. to manage its newly-launched Global Real Estate Fund.
The fund will be managed by Cornerstone's Global Real Estate Securities unit led by David Wharmby, managing director, and will be supported by Cornerstone's team of real estate investment professionals. Cornerstone also manages the Oppenheimer Real Estate Fund, which was launched in 2002 and typically invests in U.S. real estate securities.
“We believe there are significant real estate investment growth opportunities globally, particularly in emerging markets,” said Wharmby. “OppenheimerFund's Global Real Estate Fund is designed to provide investors with not only more real estate investment choices but also an effective way to help diversify and globalize their investment portfolios.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
