Value investing redefined

The Oakmark family of mutual funds is an extension of Harris Associates’ value-focused approach to investing. For more about our selection of funds, visit Oakmark.com.

The Oakmark Funds

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
1-800-OAKMARK (625-6275)

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There is a real disconnect between news flow on public companies and the value of the underlying businesses. The overwhelming majority of discussion is based on what may happen over the next year or so to create volatility in earnings, despite over 90% of intrinsic value depending on what happens after that. This provides opportunities for long-term, value-minded investors like us.

-Tony Coniaris, CFA, Partner, Co-Chairman

Joseph Allessie portrait

Joseph J. Allessie

General Counsel

  • Vice President, Oakmark Funds
  • B.A., The Pennsylvania State University, 1987
  • J.D., Western Michigan University Cooley Law School, 1990
  • Certified Compliance and Regulatory Professional, The Wharton School of the University of Pennsylvania/ FINRA, 2016
  • Senior Vice President and Managing Counsel at OppenheimerFunds, 2018-19; Managing Director, Head of Americas Compliance and Operational Risk Control at UBS Global Asset Management, 2014-17; Executive Director, Deputy General Counsel at UBS Global Asset Management, 2005-14; Senior Vice-President, General Counsel and Chief Compliance Officer at Kenmar Advisory Corp., 2004-05; General Counsel and Chief Compliance Officer (Americas), GAM USA, 1999–2004; State of New Jersey, Bureau of Securities 1993-99; The McDonald Group Law Firm, 1991–93
  • Joined the industry in 1991
  • Joined Harris Associates in 2019
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We do value investing differently

At Harris Associates, we don’t have an opinion about how equities will perform this year, if a recession will start or if the political parties will produce pro-growth candidates during the next election cycle. As long-term investors, we don’t think it matters.

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