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Rating:Small Cap Fund Does Not Make the Cut Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 05, 2004

Small Cap Fund Does Not Make the Cut

by: Theresa Sim

Oakmark Funds will liquidate its $350 million Small Cap Fund, officials announced on Wedneday.

Shareholders of the fund can transfer into other Oakmark funds or redeem their shares. Shares redeemed after August 5 will not be subject to redemption fees.

Officials will complete liquidating the fund by late September.

We are committed to delivering superior investment…[w]e haven't been able to accomplish this goal in the Small Cap Fund…therefore…we have concluded that it is in the best interests of Fund shareholders to liquidate the Fund," said John Raitt, president of The Oakmark Funds and chief executive officer of Harris Associates.

Chicago-based Harris Associates is the adviser to the Oakmark Small Cap Fund. 

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