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
SOURCE Harris Associates L.P.