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.
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.
Partner and Portfolio Manager
Mike Manelli has been a manager of the Oakmark International Small Cap Fund since 2011 and the Oakmark International Fund since 2016.
He is also an investment analyst on the international research team at Harris Associates, which he joined in 2005 after working as a research associate/analyst at Morgan Stanley, and is a vice president of the Oakmark Funds.
Mr. Manelli received a B.B.A. degree in finance from the University of Iowa (2000).
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 during the next election cycle. As long-term investors, we don’t think it matters.
Commentary
Oakmark International Fund: Fourth Calendar Quarter 2024
December 31, 2024
Despite a challenging fourth quarter and 2024, we are enthused by the Fund’s mid- to long-term prospects given the quality of the businesses in the portfolio and low absolute valuation levels at which they...
Oakmark International Small Cap Fund: Fourth Calendar Quarter 2024
December 31, 2024
While the fourth quarter and 2024 were challenging, we believe the low valuation levels on businesses in the portfolio should be conducive to the opportunity to generate attractive absolute and relative returns.
Oakmark International Fund: Third Calendar Quarter 2024
September 30, 2024
This quarter, a China-headquartered consumer discretionary company was the top contributor, while a France-headquartered luxury goods company was the top detractor.