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

Robert Bierig portrait

Robert F. Bierig

Partner and Portfolio Manager

Robert Bierig has been a manager of the Oakmark Fund and the Oakmark Select Fund since 2022. He is also a portfolio manager and U.S. investment analyst at Harris Associates as well as a vice president of the Oakmark Funds.

He joined Harris Associates in 2012 after serving as managing principal at Amethyst Capital, managing director at GEICO Investments, investor at Frist Capital, investment analyst at ESL Investments and investment banking analyst at Morgan Stanley.

Mr. Bierig earned a B.A. in economics from Duke University (2000).

Funds under management

Commentary

Oakmark Fund: Third Quarter 2022 and Fiscal Year-End

September 30, 2022

At Oakmark, our job is to take advantage of dislocations between a company’s share price and our estimate of its long-term business value. Market drawdowns and heightened volatility enhance our ability to uncover what...

Oakmark Select Fund: Third Quarter 2022 and Fiscal Year-End

September 30, 2022

Business values are far more stable than stock prices. In volatile markets like this, you can expect increased portfolio activity. We purchased four new companies in the quarter and sold out of three.

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.