Oakmark, other local funds guessed wrong on WaMu

(Crain’s) — Harris Associates L.P.’s Oakmark Funds boosted bets on Washington Mutual Inc. last quarter and lost big as the Seattle-based bank collapsed under the weight of soured mortgage loans. Three Oakmark Funds added nearly 12 million WaMu shares in the second quarter, boosting ...

Read More

Copyright CRAIN - Crain's
Contact Us