Oppenheimer Quest International Value Fund taps Dishmon as manager

By Toni Weeks

San Diego, Dec. 12 - The Oppenheimer Quest International Value Fund has made changes to the fund's portfolio management and also has detailed risks associated with some of the different types of investments the fund may make, according to a 497 filing with the Securities and Exchange Commission.

Effective Monday, Randall Dishmon has been added as a portfolio manager to the fund. Dishmon has been a portfolio manager for the fund's investment adviser, Aurora, Col.-based OppenheimerFunds, Inc., since 2004 and a vice president since 2005.

Dominic Freud, the fund's portfolio manager since January 2005, is no longer a vice president and portfolio manager of the fund.

In the filing, the fund expanded the description of the risks associated with investing in the fund pertaining to investing in small- and mid-sized companies, undervalued companies and emerging market countries.

Specifically, the fund said that small- and mid-sized companies may offer greater opportunities for gain than larger companies but also involve greater risk of loss.

Also, the fund's practice of value investing, or seeking stocks that are priced below their real or prospective worth, can invite risk, because the market may not be aware of the intrinsic value and potential of companies with undervalued stocks.

Furthermore, securities of issuers in developing or emerging market countries may be subject to more volatility, greater delays in government restrictions and payment of settlement funds.

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