Oppenheimer ILS Interval Fund

OppenheimerFunds, Inc, the investment manager that operates a catastrophe bond strategy and is in the process of launching an insurance-linked securities (ILS) interval mutual fund, is being acquired by investment giant Invesco, with the combined entity set to be a $1.2 trillion powerhouse in asset management.

Asset manager Oppenheimer is expanding its insurance-linked securities (ILS) and reinsurance linked investment offering with the launch of its first strategy that invests across the ILS instrument spectrum, beyond just catastrophe bonds, an interval mutual fund structure named the Oppenheimer ILS Interval Fund.