David Herro is an American businessman and Republican donor.

Personal life and education

Herro grew up in

Milwaukee Milwaukee is the List of cities in Wisconsin, most populous city in the U.S. state of Wisconsin. Located on the western shore of Lake Michigan, it is the List of United States cities by population, 31st-most populous city in the United States ...

and

Fond du Lac, Wisconsin Fond du Lac () is a city in Fond du Lac County, Wisconsin, United States, and its county seat. It is located at the southern end of Lake Winnebago and had a population of 44,678 at the 2020 census. The city forms the core of the Fond du Lac met ...

, the son of an accountant and registered nurse. Herro received a bachelor's degree from the

University of Wisconsin–Platteville University of Wisconsin–Platteville (UW–Platteville or UW Platt) is a public university in Platteville, Wisconsin, United States. Part of the University of Wisconsin System, it offers bachelor's degree, bachelor's and Master's degree, master ...

in 1983 and a master's degree in Economics from the

University of Wisconsin–Milwaukee The University of Wisconsin–Milwaukee (UW–Milwaukee, UWM, or Milwaukee) is a Public university, public Urban university, urban research university in Milwaukee, Wisconsin, United States. It is the largest university in the Milwaukee metropo ...

in 1985.

Career

After pursuing a master's degree in economics, Herro took a job starting and managing an international stock fund with

Principal Financial Group Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States. History PFG was first founded under the name Bankers Life Insurance Company. Ba ...

. After, three plus years at The Principal Group, Herro took a similar position at The State of Wisconsin Investment Board. In 1992 Herro joined Harris Associates. In 1994, Herro was described as the leader of a group of shareholders who worked to remove Maurice Saatchi, The Chairman of the company, from his position on the Saatchi Board of Directors. In 2006 and in 2016 Herro was named International Fund Manager of the Year by Morningstar and in 2010, Morningstar named Herro the International Stock Fund Manager of the Decade. Herro founded and serves as co-manager of Oakmark International Fund, The Oakmark International Small Cap Fund and The Oakmark Global Select Fund, all advised by Harris Associates.

Political activities

Herro is a strong believer in

free-market capitalism In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any o ...

, and in supporting individuals, groups and organizations the work for equal access to quality education for underserved youth as well as policies the expand equal opportunities for all. He has supported free market think tanks and candidates as well as Republican groups. Herro is a backer of the American Unity Fund, which supports the legalization of

same-sex marriage Same-sex marriage, also known as gay marriage, is the marriage of two people of the same legal Legal sex and gender, sex. marriage between same-sex couples is legally performed and recognized in 38 countries, with a total population of 1.5 ...

References

{{DEFAULTSORT:Herro, David Living people University of Wisconsin–Milwaukee alumni Year of birth missing (living people)