Harris Associates L.P. was founded in 1976 by dedicated investment professionals who believed that delivering successful investment results for clients requires a consistent investment philosophy, a commitment to superior investment research, and a high level of customer service. Our roster of clients has grown over the years, but these basic beliefs remain unchanged.
Assets under management at Harris Associates totaled approximately $109 billion as of December 31, 2016. Our team in Chicago includes 40 investment professionals and 193 total employees.
We are value investors. In constructing portfolios for our clients, we seek out companies that we believe are trading in the market at significant discounts to their underlying value. These businesses must offer significant profit potential and be run by managers who think and act as owners. We frame the investment process as owning a piece of a business for the long term.
We believe in the importance of intensive, fundamental research. We are independent thinkers who do not look to Wall Street for our answers. Our experienced investment analysts evaluate each company on the basis of its fundamental characteristics. Our research process is based on a disciplined quantitative and qualitative screening process.
Just as investment performance is important, so too is the care and attention each client receives. We recognize that each of our clients has unique goals and needs; therefore, portfolios are separately crafted to meet those objectives. We are as proud of our client service as we are of our outstanding long-term investment results.