U.S. Director of Research and Co-Portfolio Manager Win Murray to retire from Harris Associates LP in 2022

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Posted: October 26, 2021 at 6:34 PM EDT|Update: 3 hours ago

CHICAGO, October 26, 2021 / PRNewswire / – After more than 18 years with Harris Associates, including 10 years as Director of Research in the United States, Win Murray will retire at the end of July 2022. Mr. Murray has been with Harris Associates, an advisor to Oakmark funds and a subsidiary of Natixis Investment Managers, since 2003. He has been co-portfolio manager of the Oakmark Select fund since 2013.

(PRNewsfoto / Harris Associates LP)

“I am immensely proud of the time I have spent at Harris Associates, particularly in building the infrastructure of interns and research associates that should serve our clients well for many years to come,” said said Murray.

“Win excelled as an analyst and went on to distinguish himself as the director of research in the United States. In the latter role, he was instrumental in creating a talent pool that attracted some of the best and brightest investment minds in the business, ”said the co-chair. Tony Coniaris.

Alex fitch will assume the responsibilities of Director of American Research, with immediate effect. Mr. Fitch joined Harris Associates in 2011 as an analyst and became associate director of US research in 2019.

“Win’s passion for recruiting and developing talent has had an invaluable impact on the business and he leaves us with an exceptional team of investment professionals,” said Mr. Fitch. “On behalf of the firm, I would like to thank Win for all he has done for Harris Associates and wish him the best for the years to come.”

Mr. Murray will be stepping down as co-portfolio manager of the Oakmark Select Fund with this announcement. Bill Nygren and Tony Coniaris will continue in their roles as co-portfolio managers of the Oakmark Select Fund. Mr. Nygren has been the Fund’s portfolio manager since 1996 and Mr. Coniaris became the Fund’s portfolio manager in 2013.

ABOUT OAKMARK AND HARRIS PARTNERS

Oakmark Funds are a family of mutual funds that use a long-term value-oriented approach to investing. Oakmark’s investment philosophy is based on the belief that superior long-term results can be achieved by investing in companies that are priced significantly below what Harris Associates considers to be the intrinsic value of a company. company, with strong growth prospects and owner-focused management teams. Oakmark’s assets under management were approximately $ 62 billion from September 30, 2021. More information on Oakmark funds is available at oakmark.com.

Harris Associates LP, a Chicagoinvestment management company founded in 1976, acts as an advisor to Oakmark funds. Harris Associates also manages US, international and global portfolios for institutional and high net worth investors around the world. Including Oakmark, assets under management at Harris Associates totaled approximately 121 billion dollars from September 30, 2021. More information about Harris Associates is available at harrisassoc.com.

Before investing in an Oakmark Fund, you should carefully consider the investment objectives, risks, management fees and other expenses of the Fund. This information, as well as other important information, is contained in the prospectus and the summary of the prospectus of a Fund. Please read the prospectus and summary prospectus carefully before investing. For more information, please call 1-800-OAKMARK (625-6275).

ABOUT NATIXIS INVESTMENT MANAGERS

Natixis Investment Managers’ multi-affiliate approach connects clients to the independent thinking and targeted expertise of more than 20 active managers. Ranked among the world’s largest asset managers1 with over $ 1.4 trillion assets under management2 (€ 1,182.5 billion), Natixis Investment Managers offers a diversified range of solutions covering asset classes, styles and vehicles. The company is dedicated to the promotion of sustainable finance and the development of innovative products in the areas of environment, society and governance (ESG). Natixis Investment Managers advises and works with its clients and provides an overview of markets and assumptions to better align strategies with long-term objectives.

Natixis Investment Managers’ distribution and service groups include Natixis Distribution, LLC, a limited-purpose brokerage and distributor of various investment companies registered in the United States for which advisory services are provided by affiliates of Natixis. Investment Managers, Natixis Investment Managers SA (Luxembourg), Natixis Investment Managers International (France) and their affiliated distribution and service entities in Europe and Asia.

1 Cerulli Quantitative Update: Global Markets 2021 ranked Natixis Investment Managers 15th in the world for asset managers based on assets under management at December 31, 2020.
2 Assets under management (“AUM”) as of June 30, 2021 is $ 1,402.5 billion. Assets under management, as reported, may include notional assets, assets under management, gross assets, assets of affiliated entities owned by minority interests and other types of non-regulatory assets under management managed or managed by non-regulatory entities. companies affiliated with Natixis Investment Manager. Excluding H2O Asset Management.

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SOURCE Harris Associates LP

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