Harris Associates L.P. Adds Co-manager to the Oakmark International Fund

CHICAGO, Dec. 16 /PRNewswire/ -- Harris Associates L.P. announced today that Rob Taylor will be named co-portfolio manager of the Oakmark International fund effective January 28, 2009. He will join current manager David Herro, Chief Investment Officer of International Equities, who has managed the International Fund since its inception in September 1992.

"We wanted to recognize the growing contribution of Rob Taylor, while at the same time more appropriately distribute portfolio management responsibilities," states David Herro. "Rob has made a significant long-term contribution to the success of our research effort. We believe this change demonstrates the strength and depth of our International team."

For more information about the Oakmark International fund, please visit oakmark.com. Prospective investors can purchase shares directly from Oakmark by visiting oakmark.com or calling 1-800-OAKMARK (625-6275).

ABOUT THE OAKMARK INTERNATIONAL FUND:

The Oakmark International investment philosophy is centered in the belief that superior, long-term results are achieved through investing as owners in quality companies that can be purchased at a significant discount to their true economic value.

The Oakmark International Fund seeks capital appreciation by investing in larger capitalization companies located outside of the U.S.

ABOUT THE PORTFOLIO MANAGERS:

David Herro, a Partner at Harris Associates, is Portfolio Manager of the Oakmark International fund, the Oakmark International Small Cap fund, and the Oakmark Global Select fund. He is also Harris Associates' Chief Investment Officer of International Equities. David has been managing international portfolios since 1986, previously served as portfolio manager for The State of Wisconsin Investment Board and The Principal Financial Group. David, who joined Harris Associates in 1992, has an M.A. in Economics from the University of Wisconsin-Milwaukee (1985) and a B.S. in Business/Economics from the University of Wisconsin-Platteville (1983). He has over twenty-three years of investment experience and is a CFA charterholder(R).

Rob Taylor, a Partner at Harris Associates, is Portfolio Manager for the Oakmark Global fund and is Director of International Research. He joined Harris Associates in 1994 and has over fourteen years of investment experience. Rob received his BBA from the University of Wisconsin-Madison (1994) and is a CFA charterholder(R).

ABOUT THE OAKMARK FUNDS AND HARRIS ASSOCIATES L.P.:

The Oakmark Funds are a $20 billion mutual fund family that utilizes a long-term value investment approach. Harris Associates L.P., a Chicago-based investment management firm founded in 1976, serves as the Adviser to The Oakmark Funds and manages domestic, international and global portfolios for institutional and high net worth investors. The Oakmark Funds are distributed by Harris Associates Securities L.P., member FINRA. For more information including management fees and expenses and the special risks of investing, visit oakmark.com or call 1-800-OAKMARK for a prospectus. An investor should consider a fund's investment objectives, risks, and charges and expenses carefully before investing. This and other information are contained in the prospectus.

SOURCE Harris Associates L.P.



RELATED LINKS
http://www.oakmark.com

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