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Edward A. Studzinski, CFA, co-manager of the Oakmark Equity and Income Fund (OAKBX) since 2000, will step down from management of the fund and will retire from Harris Associates L.P., the fund’s adviser, effective January 1, 2012.
Bad news: OAKBX has been a real solid performer these past several years (and is an anchor in my Roth portfolio). Studzinski was a part of that.
Good news: Oakmark has a pretty deep bench; I'm sure they'll have someone capable to fill his shoes. Perhaps it'll be someone who has a bit more capacity with international bonds.
Enjoy your retirement, Ed. Thanks for your work on behalf of OAKBX shareholders.
Comments
Bad news: OAKBX has been a real solid performer these past several years (and is an anchor in my Roth portfolio). Studzinski was a part of that.
Good news: Oakmark has a pretty deep bench; I'm sure they'll have someone capable to fill his shoes. Perhaps it'll be someone who has a bit more capacity with international bonds.
Enjoy your retirement, Ed. Thanks for your work on behalf of OAKBX shareholders.