Sept. 9, 2003 — Stock picker Charles Albers will leave the $11.9 billion Oppenheimer Main Street Fund/A (MSIGX) this month and will retire at the end of the year.
Oppenheimer Funds said Nikolaos Monoyios will continue as co-manager of the fund, and will be joined by Marc Reinganum, the fund complex’s director of quantitative research. Monoyius also will succeed Albers as head of Oppenheimer’s Disciplined Strategies team, which oversees about $17 billion in assets in several Oppenheimer funds.
The Main Street fund’s investment style will not change under Monoyios and Reinganum, an Oppenheimer spokesman said. He noted that Reinganum has previously worked with Albers and Monoyios as a research analyst.