The following is our latest Fund Analyst Report for Oakmark Select (OAKLX)
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True to form, Oakmark Select has rebounded. It receives a Morningstar Analyst Rating of Silver.
The strategy is recovering from a multiyear slump. A rough patch during early 2020 s pandemic-induced sell-off was disappointing but not uncharacteristic. The portfolio s value tilt relative to its S&P 500 benchmark and former large-blend Morningstar Category peers proved disadvantageous in the narrow growth-led market of recent years. But an inability to get the team s most successful stock picks into this focused portfolio particularly stung versus its more-diversified sibling Oakmark (OAKMX).
France’s ERAFP picks 3 for U.S. equities, 4 standby managers
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Etablissement de Retraite Additionnelle de la Fonction Publique, Paris, hired three managers to run a €1.25 billion ($1.5 billion) allocation to U.S. midcap and large-cap equities, a spokeswoman confirmed.
BFT Investment Managers will run a €150 million allocation to U.S. midcap equity. Management of the portfolio will be delegated to
Morgan Stanley Investment Management, according to the spokeswoman.
Ostrum Asset Management and
ODDO BHF Asset Management were hired to jointly manage €1.1 billion in large-cap equity. Management of the portfolios will be delegated to Loomis, Sayles & Co. and
The spokeswoman did not say why the firms will delegate portfolio management to other firms.
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