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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.

Greg Carlson Jan 30, 2018

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.

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Greg Carlson

Senior Analyst, Equity Strategies, Manager Research

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Greg Carlson is a senior manager research analyst, equity strategies, for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He focuses on a variety of domestic-equity, international-equity, and quantitative strategies. He is the lead analyst on the American Century, Artisan, First Eagle, and Janus Henderson fund families.

Before joining Morningstar in 2003, Carlson worked as a writer and editor for Mutual Funds magazine for six years.

Carlson holds a bachelor's degree in journalism from the University of Florida.

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