September 9, 2015
OppenheimerFunds agrees to acquire VTL Associates, which manages $1.7 billion across offerings that include eight ETFs.
On September 9, Willkie client OppenheimerFunds announced its agreement to acquire VTL Associates, an independent institutional investment firm best known for its RevenueShares exchange traded funds (ETFs). The acquisition expands OppenheimerFunds' active client offering into the growing smart-beta space, which strives to identify factors that have the potential to generate positive risk-adjusted returns compared with market-cap-weighted index funds.
OppenheimerFunds, a leader in global asset management, manages $220 billion in assets for more than 13 million shareholder accounts. VTL manages $1.7 billion for investors across eight ETFs and its separate accounts.
The Willkie deal team included partner David Boston and associate Jacob Kleinman.
