CHICAGO, April 1, 2015 /PRNewswire/ -- Harris Associates is pleased to announce that the Oakmark Funds have been named Lipper's Best Equity Large Fund Group for the second consecutive year. The Oakmark Global Fund also won an award for its consistently strong risk-adjusted performance relative to peers.
The Lipper award for Best Equity Large Fund Group is designed to recognize fund families with strong track records across all of their funds. Oakmark was ranked first out of 46 eligible fund groups due to the performance of all seven of its underlying Funds. Lipper's Large Fund Group classification is comprised of fund managers with assets under management of $52.6 billion or more as of 11/30/14.
The Oakmark Global Fund won an award in Lipper's Global Multi-Cap Core Funds category for the 10-year period. This is the second consecutive year that the Fund has been recognized by Lipper for its 10-year performance. The Oakmark Global Fund, managed by Clyde McGregor and Rob Taylor, follows Harris Associates' value-oriented process to find opportunities across the globe.
"We are pleased that Lipper has acknowledged the long-term performance of the Oakmark Funds," said Kristi Rowsell, President of Harris Associates and the Oakmark Funds. "Growing shareholders' capital over the long term has always been our primary objective."
The Lipper Fund Awards are presented annually by Lipper, a mutual fund rating and research firm, to honor funds that it believes have excelled in providing superior performance relative to peers around the world. The awards are part of the broader Thomson Reuters Awards for Excellence program. More information about the Lipper Fund Awards is available at http://excellence.thomsonreuters.com/award/lipper.
About The Oakmark Funds
The Oakmark Funds are a family of seven value-oriented mutual funds that invest in equity and fixed income markets around the world. All of the Funds adhere to a long-term philosophy that focuses on capital preservation and risk management. The Funds are advised by Harris Associates, based in Chicago. The Oakmark Funds had $81 billion in assets under management as of December 31, 2014. More information about the Oakmark Funds is available at www.oakmark.com.
About Harris Associates
Harris Associates, a Chicago-based investment management firm founded in 1976, manages U.S., international and global portfolios for institutional and high-net-worth investors worldwide and serves as the adviser to the Oakmark Funds. Including Oakmark, assets under management at Harris Associates totaled approximately $132 billion as of December 31, 2014. More information about Harris Associates is available at www.harrisassoc.com.
SOURCE Harris Associates
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