Oppenheimer 60th Anniversary - 18

Reprinting of From Opportunity to
Legacy: Celebrating the First Fifty Years

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A DYNAMIC PERIOD
FOR MUTUAL FUNDS
As the industry grows, the Firm's leaders find ways to make the
innovative Oppenheimer Fund stand out from the competition

T

John F. Kennedy, campaigning in 1959, went on to
defeat Richard M. Nixon to become the 35th president
of the United States in 1960.

1959
First annual report of the
Oppenheimer Fund, December 31.
Total assets $4,904,258.

Oppenheimer & Co. creates Oppenheimer Management Corp. as
investment advisor for the Oppenheimer Fund.

1960

18 * OppenheimerFunds: The First Fifty Years

GETTY IMAGES

1959

he period between 1959 and 1974
was a turbulent era, both in the
burgeoning investment universe
as well as the wider world of politics
and culture. It was a time that saw
great triumphs and thrilling achievements, but also terrible tragedies.
On Wall Street, events mirrored the turbulence
in the outside world. In 1960, for instance, with the
country optimistic about the youthful leadership of
newly elected president John F. Kennedy, the volume
of trades soared, with a record 5.3 million shares
trading hands on the last day of the year. Still, by the
summer of 1962, the investment world was reeling
from Blue Monday, May 28, when the Dow Jones
Industrial Average dropped a nerve-jangling 12%.
This sort of year-to-year swing was emblematic
of what happened for the remainder of the decade,



Oppenheimer 60th Anniversary

Table of Contents for the Digital Edition of Oppenheimer 60th Anniversary

Contents
Oppenheimer 60th Anniversary - Cover1
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Oppenheimer 60th Anniversary - 1
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Oppenheimer 60th Anniversary - Contents
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