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Oppenheimer Buys Trinity

OppenheimerFunds of New York has acquired Trinity Investment Management Corp., an institutional money manager in Boston with $7.5 billion in assets under management.

Trinity will operate as a subsidiary of HarbourView Asset Management, the institutional unit of the OppenheimerFunds. Blake Gall will be president and chief investment officer of Trinity. Dick Tucker will be chief executive officer. Stanford Calderwood, Trinity's former CEO, will be chairman emeritus. David Schultz will become president and senior managing director of HarbourView. He was previously executive vice president in charge of institutional client service and marketing at State Street Research & Management Co. in Boston.