Funds Currently Managed
Oppenheimer Small Cap Value/A (QVSCX), since February, 2001; Oppenheimer Value/A (CGRWX), since October 2000; Oppenheimer Disciplined Allocation/A (CNMTX), co-manager since November, 2000.
Investment Style Overview
Looks for undervalued stocks of companies with potential to produce better-than-expected earnings and to increase cash flow over the long term.
Key Stock Selection Criteria
*Relatively low price-to-earnings and price-to-book value multiples.
*Company has strong competitive position.
*New, innovative products or services.
Key Sell Criteria
*Valuation becomes excessive.
Company’s financial fundamentals deteriorate.
Christopher Leavy is a senior vice president and head of the value investing team with OppenheimerFunds Inc., his employer since September 2000. He was previously a vice president and portfolio manager with the Miller Anderson Sherrard unit of Morgan Stanley (MWD). Prior to that, he was a portfolio manager and equity analyst with Crestar Asset Management. He holds a BA in economics from Trinity University and is a Chartered Financial Analyst.