Oppenheimer 60th Anniversary - 28

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

1 975
1 986

A PERIOD OF GROWTH FOR
THE FIRM AND THE INDUSTRY
As mutual funds come into their own, with ever-expanding challenges
and opportunities, the Company develops new ways to serve its customers

E

ntering the last quarter of the 20th century,
Oppenheimer Management Corp., then
a division of Oppenheimer & Co., faced
daunting challenges. Stocks had just suffered the worst bear market since the Great
Depression. The OPEC oil embargo had
jolted the U.S. financial system, contributing to an
inflationary spiral that pushed inflation past 11% in
1974. An ongoing energy crisis, the endgame of the
Vietnam War, and the evolving Watergate scandal cast
a pall over many aspects of American life.
The Firm's principals approached this troubled
environment with a hopeful eye toward the future.
Though no one knew it at the time, in 1975 elements were converging that eventually would set
the stage for the greatest bull market in history,

In the 1970s the Company's Investment Research department was kept busy supporting a rapidly developing funds lineup.
Here Ed Greene and Kathy Malo scrutinize investment opportunities in the last part of that decade.

Watergate scandal: John N. Mitchell, H. R. Haldeman, and
John Ehrlichman are found guilty of the Watergate cover-up.

1975

28  *  OppenheimerFunds: The First Fifty Years



Oppenheimer 60th Anniversary

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

Contents
Oppenheimer 60th Anniversary - Cover1
Oppenheimer 60th Anniversary - Cover2
Oppenheimer 60th Anniversary - 1
Oppenheimer 60th Anniversary - 2
Oppenheimer 60th Anniversary - Contents
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