Oakmark International Announces Soft Close
The fund is closing to most new third-party investors after taking in a net $9.7 billion in 2017.
On Jan. 26, 2018,
The move to limit availability comes after the fund took in a net $9.7 billion from investors in 2017. That influx, combined with appreciation from 2017's rally, recently pushed the fund's asset base over $48 billion, and lead manager David Herro runs more than $7 billion in the strategy outside of the fund. The fund previously closed in a similar manner from October 2013 to July 2016 to stem the tide of inflows. It retains its Morningstar Analyst Rating of Gold.