The Oakmark Funds are advised by Harris Associates L.P. an autonomous subsidiary of Natixis Investment Managers, L.P.

Learn more about the principles and philosophy behind our funds at HarrisAssoc.com.

Harris Associates

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
312-646-3600

David Herro- Portfolio Manager- Headshot

David G. Herro, CFA

Partner and CIO-International Equity

David Herro has been a manager of the Oakmark International Fund since 1992, the Oakmark International Small Cap Fund since 1995, the Oakmark Global Select Fund since 2006 and the Oakmark Global Fund since 2016. He is also the chief investment officer for international equities at Harris Associates, which he joined in 1992, and a vice president of the Oakmark Funds.

His career honors include being named Morningstar’s International Stock Fund Manager of the Year in 2006, International Stock Fund Manager of the Decade for 2000-09 and International Stock Fund Manager of the Year in 2016.

Mr. Herro 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).

Commentary

David Herro Market Commentary | 4Q19

December 31, 2019

Despite the recovery in 2019, I still believe our portfolios offer good value for three reasons.

Oakmark Global Fund: Fourth Quarter 2019

December 31, 2019

Many investors abhor volatility, but we believe that managing it is part of our job. Volatility goes in both directions, and given the unpredictability of the markets, we believe it is best to stay...

Oakmark Global Select Fund: Fourth Quarter 2019

December 31, 2019

The top contributor to the Fund’s performance was a U.K. retail bank, while the largest detractor was an insurance firm based in the U.S.

News + Insights

David Herro on CNBC

News

David Herro on CNBC’s “Power Lunch” (03.25.20)

March 25, 2020

Portfolio Manager David Herro discussed on CNBC’s “Power Lunch” why he believes it is important for investors to not get so concerned about every...

Picture of coins and paper money

Insights

The Case for European Financials

March 24, 2020

The international team portfolio managers reflect on why we believe the Oakmark International Fund is positioned in strong banks in the European financials sector...

David Herro on CNBC

News

David Herro on CNBC’s “Squawk on the Street” (03.16.20)

March 16, 2020

Portfolio Manager David Herro shared why he thinks that given today’s share price movement, there is a chance to gently increase exposure to companies...

We do value investing differently

At Oakmark, we don’t have an opinion about how equities will perform this year, if a recession will start or if the political parties will produce pro-growth candidates for 2020. As long-term investors, we don’t think it matters.