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Oakmark Funds appoints new co-portfolio manager for Equity and Income Fund

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Adam Abbas, co-head of fixed income at Harris Associates, adviser to the Oakmark Funds and an affiliate of Natixis Investment Managers, has been appointed co-manager of the Oakmark Equity and Income Fund.Abbas will join current portfolio managers Clyde McGregor and Colin Hudson on the management team, effective 30 March, 2020. McGregor has managed the Fund since its inception in 1995. Hudson has managed the Fund since 2013.

“Colin and I are excited to have the opportunity to work closely and collaborate with Adam. We believe the Fund and its shareholders will benefit significantly from his years of fixed income expertise,” says McGregor.  

Abbas, 38, joined Harris Associates in 2018 after serving as the lead portfolio manager at KVK Credit Opportunity Fund, portfolio manager at Driehaus Capital Management, senior research analyst at Neuberger Berman/Lehman Brothers and analyst at Huron Consulting Group. He is a graduate of Northwestern University and the University of Chicago.

Edward Wojciechowski will step down from his role as co-portfolio manager and continue to serve the firm as a US equity analyst.

“We want to thank Eddie for his seven years of service. We are grateful for his investment knowledge and contributions to Fund shareholders,” says Hudson.

The Equity and Income Fund, incepted in 1995, seeks income and preservation and growth of capital. It’s primarily made up of US equity and fixed income securities. The Fund’s assets were USD11.6 billion as of 31 December, 2019.

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