Oakmark Funds has named Chad Clark as co-portfolio manager of The Oakmark International Small Cap Fund. Clark will step in for Michel Welsh, the co-manager of the Oakmark International Fund and Oakmark Global Fund, on Jan. 28. David Herro, chief investment officer of international equities, has managed the International Small Cap Fund since its inception in 1995. The fund closed to new investors in 2002.
"We wanted to recognize the growing contribution of Chad Clark, while at the same time more appropriately distribute portfolio management responsibilities," said Herro. "Chad has made a significant long-term contribution to the success of our research effort. We believe this change demonstrates the strength and depth of our International team."