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Oppenheimer's Wilby to Retire

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Bill Wilby, who gained wide renown for his long tenure as portfolio manager for the Oppenheimer Global Fund (OPPAX), will retire from OppenheimerFunds Inc. on June 30 after 16 years at the firm. Under his leadership of OppenheimerFund’s Global Team, Wilby helped grow the firm’s global equity assets from about $1 billion to more than $60 billion during his tenure; the Global Fund alone currently has more than $18 billion in assets.

Wilby was named director of equities for OppenheimerFunds in July 2005, and later became co-manager of the Oppenheimer Capital Appreciation Fund (OPTFX), which currently has $8.2 billion in assets. The co-manager of that fund since 2005, Marc Baylin, will become lead manager effective with Wilby’s retirement.