OppenheimerFunds and Apollo Global Management’s credit arm have signed a partnership agreement. Under the tie-up, Apollo Credit Management will act as sub-sub-advisor to the Oppenheimer Global Strategic Income Fund (GSIF), a $6 billion vehicle by assets.Â
GSIF traditionally focuses on fixed income investments aiming to maintain low volatility. The new agreement will give the vehicle exposure to structured credit, mid-market loans, direct real estate investments and insurance-linked securities.
