Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are



All our 23,130 stories are here...Call 212-331-8995 to add to the pile
Get MFWire Alerts
MFWire: Oakmark Funds
MUTUAL FUND FAMILY PROFILES [BETA]
To Update this information contact Editors@InvestmentWires.com or call Armie Lee at 212-331-8995 x111.

Harris Associates
Two North LaSalle Street
Suite 500
Chicago, IL  60602
Google Maps

Contact
Main Phone: 312-621-0600
Web Site: http://www.harrisassoc.com/

Mutual Fund Brand(s)
Oakmark Funds

Research Links
  • SEC Fund Filings by CIK

  • Background:
    Chicago-based Harris Associates, founded in 1976, is the investment advisor to the Oakmark Funds. Harris is a privately held, indirect subsidiary of Natixis Global Asset Management.

    Harris conducts its own research in-house and employs a fundamental, bottom-up stock-picking approach. On the fixed income side, Harris' offerings range from short- to intermediate-term.

    As of June 30, 2017, Harris' team of 198 employees (including 39 investment professionals) managed $124 billion.

    Oakmark Fee Case
    In August 2004, three investors in the Oakmark funds sued Harris, alleging that the funds' fees were excessive, thus violating Section 36(b) of the Investment Company Act of 1940, and that the board of directors, who is responsible for approving the fees, was not sufficiently independent. Furthermore, the investors took issue with the fact that Harris charged separately managed accounts for pension funds as little as half what is charged retail mutual funds for comparable services.

    The suit, which was originally filed in an Illinois federal district court, was dismissed before it came to trial in 2007. In August 2008, the U.S. Court of Appeals for the Seventh circuit declined to rehear the case but raised the stakes when the five judges, who included renowned jurist Richard Posner, signed a dissenting opinion stating that the case was ripe for reexamination as there was little incentive for the board of directors to police compensation.

    The Supreme Court of the United States heard oral arguments for Harris v. Jones on November 2, 2009. Then on March 30, 2010, the Supreme Court unanimously overruled the Seventh Circuit's dismissal of Jones v. Harris Associates.
    Sponsored Opportunities



    Key People:
    Bill Nygren
    PM, Chief Investment Officer for U.S. Equities, Harris Associates
    Kristi Rowsell
    Partner and President, Harris Associates L.P.
    Robert Levy
    Partner, Chairman and Chief Investment Officer - U.S. Equities, Harris Associates L.P.
    David Herro
    Partner, PM, Chief Investment Officer - International Equity, Harris Associates
    Mike Neary
    Partner, Client Portfolio Manager, Harris Associates L.P.
    Janet Reali
    Partner and General Counsel, Harris Associates L.P.
    Herman
    Chief Financial Officer, Harris Associates L.P.
    Jeffrey Illian
    Chief Information Officer, Harris Associates
    Randall Zipfel
    Chief Operating Officer, Harris Associates
    Mary Wickers
    Senior Director of Operations & Client Service , Harris Associates L.P.
    Richard Gorman
    Chief Compliance Officer, Oakmark Funds
    John Desmond
    Chief Operating Officer, Harris Associates L.P.
    Colin McFarland
    Chief Compliance Officer, Harris Associates L.P.
    Dermot Putnam
    Chief Information Officer, Harris Associates L.P.
    Story Archive for Harris Associates
    Published On Story Headline Publication
    1/3/2018 A 30-Year Columbia Vet Helps Launch a Private Wealth Group MFWire.com
    12/26/2017 First Trust and Bridge Builder Take the Lead MFWire.com
    12/4/2017 Week In Preview, December 4-10 MFWire.com
    10/2/2017 ProShares Crushed It In August MFWire.com
    8/21/2017 Vanguard and BlackRock Eclipse the Competition, Again MFWire.com
    7/21/2017 Guggenheim and Bridge Builder Are On a Roll! MFWire.com
    7/20/2017 Vanguard and BlackRock Stay on Top While SSgA's Flow Woe Reverses MFWire.com
    7/6/2017 Ivy, Oakmark, and First Trust Had a Big May MFWire.com
    6/29/2017 Vanguard Retakes the Lead, and Schwab and Oakmark Also Rake It In MFWire.com
    3/6/2017 Filings for Fundsters - March 6, 2017 MFWire.com
    1/25/2017 Dodge & Cox, Fido, Harris, and T. Rowe Win Big MFWire.com
    1/19/2017 Vanguard, BlackRock, and SSgA Won 2016 MFWire.com
    1/19/2017 71 Percent of Big Fund Firms Suffered in December MFWire.com
    1/12/2017 And the 2016 Fund Manager of the Year Nominees Are... MFWire.com
    1/6/2017 Filings for Fundsters - January 6, 2017 MFWire.com
    12/7/2016 Follow the Fundsters - December 7, 2016 MFWire.com
    12/2/2016 Filings for Fundsters - December 2, 2016 MFWire.com
    10/7/2016 Filings for Fundsters - October 7, 2016 MFWire.com
    10/3/2016 Filings for Fundsters - October 3, 2016 MFWire.com
    9/16/2016 Big ETF Shops and Lord Abbett Shined in August MFWire.com
    8/19/2016 Filings For Fundsters - August 19, 2016 MFWire.com
    8/15/2016 Four Firms Dominated July Inflows MFWire.com
    7/19/2016 Only One Category of Active Funds Won In June MFWire.com
    6/17/2016 Three Fund Firms Brought In More than $2B Each In May MFWire.com
    5/16/2016 Seven Months and Counting: Vanguard Is Still On Top MFWire.com
    4/14/2016 DoubleLine, AB, and BlackRock Killed It In March MFWire.com
    3/23/2016 101 Fund Families Win in Gotham MFWire.com
    3/18/2016 DoubleLine and AB Crush It MFWire.com
    3/11/2016 Prepare For ICI's MFIM 2016! MFWire.com
    8/7/2015 Who Rakes In the Most Flows Per Fund? The Answer Won't Surprise You MFWire.com
    6/8/2015 16 Fund Firms Meet This Fantastic M* Threshold MFWire.com
    4/10/2015 The Stock Funds Have No Heroes MFWire.com
    4/1/2015 Cap Group, Fidelity, and Pimco Break Out the Champagne MFWire.com
    3/26/2015 Will Hodge Wear Sunglasses For M*? MFWire.com
    10/27/2014 Alger, American Century, ClearBridge, Harris, Longleaf, Parnassus and Primecap Look Like M* Winners MFWire.com
    10/24/2013 Over Lunch, Hailer Shifts the Conversation From Alts, Per Se, to Risk MFWire.com
    10/7/2013 The Doors of an Oakmark Fund Are Shut MFWire.com
    4/25/2013 An Oakmark PM Garners Plenty of Press MFWire.com
    4/19/2013 Stork and Reaper for the Week of April 19, 2013 MFWire.com
    3/15/2013 Waggoner Touts Global Funds MFWire.com
    1/18/2013 Stork and Reaper for the Week of January 14, 2013 MFWire.com
    1/9/2013 Nygren Thinks About Succession as Harris Anoints Two MFWire.com
    12/13/2012 Will Oakmark's Nygren Win Again? MFWire.com
    10/5/2012 M* Doles Out Two Gold Ratings MFWire.com
    10/1/2012 Nygren Likes Stocks; Of Course MFWire.com
    5/16/2012 Mairs & Powers Fund Does Well Despite Missing Apple MFWire.com
    5/9/2012 MStar's Team Breaks Out Two New Categories MFWire.com
    12/15/2011 Yacktman, Nygren are Among MStar's Nominees for Domestic-Stock Manager of the Year MFWire.com
    12/5/2011 Morningstar's "Winners" are Losing MFWire.com
    11/15/2011 Vanguard Dominates Morningstar's New Ratings MFWire.com
    5/12/2011 Oakmark Names David Herro's Co-PM for a $1.7 Billion Fund MFWire.com
    4/13/2011 Oakmark's Assets Grow But Fees Stay the Same MFWire.com
    3/24/2011 MFS and Delaware Take Home the Gold MFWire.com
    3/17/2011 Japan's Nuclear Crisis Spells Opportunities for Managers MFWire.com
    3/15/2011 Managers Rant About Quality, Imbalances and Bailouts MFWire.com
    12/14/2010 PMs from Janus, Oakmark and OppFunds Win Praise From MStar MFWire.com
    11/17/2010 53. David Herro MFWire.com
    11/17/2010 58. Bill Nygren MFWire.com
    10/7/2010 S&P Names Mutual Fund Award Finalists MFWire.com
    7/21/2010 Oakmark Funds Names its New President MFWire.com
    5/3/2010 WSJ Ponders Criticism of Mutual Fund Directors MFWire.com
    4/14/2010 Fundsters Discuss Jones v Harris in D.C. MFWire.com
    4/7/2010 How Competitive is Mutual Fund Pricing? MFWire.com
    4/6/2010 Supremes Rule on Another Fund Fee Case MFWire.com
    4/1/2010 Will the Supreme Court's Decision Compress Fees? MFWire.com
    3/30/2010 UPDATED: Supremes Revive the Oakmark Fee Suit MFWire.com
    3/5/2010 American Funds Fee Suit Ain't Over 'Til the Ninth Circuit Sings MFWire.com
    1/12/2010 Morningstar Crowns the Fund Managers of the Decade MFWire.com
    1/5/2010 American Funds, Berkowitz and Loomis Sayles Gain Top Manager Kudos MFWire.com
    12/22/2009 Principal Faces a Fee Suit MFWire.com
    11/19/2009 Who Made it to Morningstar's Manager of the Decade Shortlist? MFWire.com
    11/9/2009 How Will the SC Rule on Oakmark? MFWire.com
    11/2/2009 The Supremes Ponder Oakmark MFWire.com
    10/30/2009 Fundsters' Eyes Turn to the Supreme Court MFWire.com
    9/25/2009 An SEC Commish Defends Harris
    And Blasts Money Fund Proposals
    MFWire.com
    9/4/2009 Another Group Backs Harris With a Brief to the Supreme Court MFWire.com
    9/4/2009 The ICI Rallies to Defend Harris and Fund Fees MFWire.com
    8/18/2009 Ariel, RS, Appleseed All Draw the WSJ's Focus MFWire.com
    8/17/2009 How Might the Supreme Court Rule in the Oakmark Fee Suit? MFWire.com
    6/25/2009 An Oakmark PM Packs Up MFWire.com
     News Archives
    2018: Q1
    2017: Q4Q3Q2Q1
    2016: Q4Q3Q2Q1
    2015: Q4Q3Q2Q1
    2014: Q4Q3Q2Q1
    2013: Q4Q3Q2Q1
    2012: Q4Q3Q2Q1
    2011: Q4Q3Q2Q1
    2010: Q4Q3Q2Q1
    2009: Q4Q3Q2Q1
    2008: Q4Q3Q2Q1
    2007: Q4Q3Q2Q1
    2006: Q4Q3Q2Q1
    2005: Q4Q3Q2Q1
    2004: Q4Q3Q2Q1
    2003: Q4Q3Q2Q1
    2002: Q4Q3Q2Q1
     Subscribe via RSS:
    Raw XML
    Add to My Yahoo!
    follow us in feedly




    ©All rights reserved to InvestmentWires, Inc. 1997-2018
    40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
    Privacy Policy :: Terms of Use