OppenheimerFunds has appointed Laton Spahr as portfolio manager of its Value, Select Value and Small- & Mid- Cap Value funds, with effect from March 11.

Spahr is responsible for all related strategies and will also serve as co-portfolio manager of the Oppenheimer Equity Fund.

Spahr joins from Columbia Management Investment Advisors, where he was a senior portfolio manager for value and income strategies across institutional and retail investment channels.

He brings with him a team comprised of Eric Hewitt, Kyle Bergacker and Daniel Hozian, which he will lead.  

OppenheimerFunds, including its subsidiaries, manages around $195 billion in assets, as at end-December 2012.