US - OppenheimerFunds and Tremont Advisers have rolled out a pair of closed-end funds of funds exclusively for tax-exempt institutional in-vestors, such as endowments, foundations and public and private pension funds.
The funds, which are registered with the SEC, are part of the new OFI Tremont Institutional Hedge Fund Series and are being seeded with US$25m each from OppenheimerFunds.
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