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MFWire: Oakmark Funds
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Harris Associates
Two North LaSalle Street
Suite 500
Chicago, IL  60602
Google Maps

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.
    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
    3/16/2021 Midsize Inflows Rise 33 Percent MFWire.com
    3/12/2021 100 Fund Firms Win Big, With Morgan Stanley Leading the Pack MFWire.com
    12/2/2020 An $86B-AUM Shop's Prez Bids Adieu MFWire.com
    8/20/2020 Ark Takes the Lead, Proportionately MFWire.com
    8/17/2020 For Two-Thirds of Midsize Firms, 2020 Flows Are Still In the Red MFWire.com
    7/17/2020 Two-Thirds of 2020 Outflows Came From Midsize Firms MFWire.com
    6/16/2020 Midsize Fund Firms' Inflows Return MFWire.com
    5/18/2020 Midsize Outflows Plunge 96 Percent MFWire.com
    1/22/2020 Industry Inflows Proportionately Doubled In 2019 MFWire.com
    1/16/2020 Midsize Firms' Outflows Fell 78 Percent In 2019 MFWire.com
    12/13/2019 Nationwide Leads Again MFWire.com
    11/13/2019 A Midwestern Insurer Takes the Fund Flows Lead MFWire.com
    10/21/2019 Passive Inflows Double In Two Months MFWire.com
    10/18/2019 A Focused Growth Shop Wins in September MFWire.com
    10/15/2019 A Midwestern ETF Shop Retakes First MFWire.com
    9/24/2019 Lord Abbett Takes the Active Lead MFWire.com
    9/23/2019 A Focused Fund Firm Wins In August MFWire.com
    9/18/2019 Mid-Size Firms Suffer 72 Percent of MF Outflows MFWire.com
    8/19/2019 Active Outflows Disappear As Passive Inflows Fall MFWire.com
    8/16/2019 A Subadvised Fund Firm Is Back On Top, Proportionately MFWire.com
    8/13/2019 An I-Bank's AM Wins In July MFWire.com
    7/19/2019 Blackstone Wins, Proportionately MFWire.com
    7/16/2019 First Trust Dethrones Baird MFWire.com
    6/14/2019 Baird Three-Peats MFWire.com
    5/20/2019 Fidelity Both Won and Lost Last Month MFWire.com
    5/17/2019 A B-D Retakes the Lead MFWire.com
    5/13/2019 Mid-Size Outflows Rise MFWire.com
    1/31/2019 Who Gained Market Share In 2018? MFWire.com
    1/29/2019 Bridge Builder Won Proportionately Last Year, But Not In December MFWire.com
    1/22/2019 88 Percent of Midsize Firms Suffered In December MFWire.com
    1/17/2019 Only Two Firms Added More Than $10B In 2018 MFWire.com
    12/24/2018 Passive Inflows and Active Outflows Rise MFWire.com
    12/21/2018 Blackstone Leads as Outflows Per Fund Drop MFWire.com
    12/18/2018 A Wirehouse's Sibling Wins In November MFWire.com
    11/26/2018 October Outflows Surpassed September Inflows MFWire.com
    11/20/2018 An Inverse Index Fund Specialist Takes the Lead MFWire.com
    10/16/2018 Fund Flows Rise as a Newcomer Takes the Lead MFWire.com
    10/11/2018 As First Trust Takes the Lead, Bridge Builder Slows MFWire.com
    8/14/2018 Bridge Builder Keeps Dominating MFWire.com
    4/27/2018 As Long-Term Flows Rebound, Vanguard Keeps the Lead MFWire.com
    3/28/2018 An Insurer Won the February Midsize Fund Firm Race MFWire.com
    3/27/2018 Even Vanguard and BlackRock Took a Flows Hit MFWire.com
    2/28/2018 Nuveen, Vanguard, T. Rowe, and Fidelity Dominate in the Big Apple MFWire.com
    2/26/2018 Despite a Shift, Passive Titans Still Dominated January Flows MFWire.com
    1/29/2018 Bridge Builder Dominated 2017 MFWire.com
    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
    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
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