​ Oppenheimer Institutional Money Market Fund was rated AAAm by Standard & Poor'​s Rating Services. The fund is managed by OppenheimerFunds, which is majority owned by Massachusetts Mutual Life Insurance. Citibank is the fund'​s custodian and OppenheimerFunds Services is the transfer agent. OppenheimerFunds recently hired Merrill Lynch CMA veteran Mike Walsh to head their cash strategy. The fund'​s latest yield was 5.​25%.

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