Charles de Vaulx

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Charles de Vaulx (1961/1962 – 26 April 2021) was a French asset manager. He was chief investment officer, co-portfolio manager, and partner at International Value Advisers, LLC.

Background and history[]

He earned a Master in Finance from Ecole Supérieure de Commerce de Rouen, France. In January 1987, de Vaulx joined the SoGen Funds, working under Jean-Marie Eveillard as an analyst. In August 1996, de Vaulx became an associate portfolio manager. In 1999, Société Générale sold the SoGen Funds to Arnold and S. Bleichroeder Advisers and the funds were renamed First Eagle Funds. In January 2000, de Vaulx was made co-portfolio manager of four funds and a number of institutional accounts. In December 2001 he and his colleague Jean-Marie Eveillard were awarded Morningstar's "International Stock Manager of the Year." De Vaulx was designated as the hand-picked successor to Eveillard who went on to retire in December 2004, making de Vaulx the lead portfolio manager in January 2005. Surprising the industry, de Vaulx left First Eagle,[1] just weeks after winning another Morningstar award in December 2006 as the runner-up for "International Stock Manager of the Year." In 2008, de Vaulx joined International Value Advisers, and served as chief investment officer, co-portfolio manager, and partner.

In March 2021, International Value Advisers announced it would liquidate its funds and close up shop because its assets under management had collapsed from $20 billion to under $1 billion as a result of client redemptions, attributed in part to a generalized slump for the value investing strategies de Vaulx favored.

Death[]

On 26 April 2021, de Vaulx committed suicide by jumping from the 10th floor of the International Value Advisors office building. He is survived by his wife and their two children. He was 59.[2][3][4][5][6]

References[]

  1. ^ MarketWatch, Murray Coleman. "Back in First Eagle's nest". MarketWatch. Retrieved May 2, 2021.
  2. ^ "IVA Founder Charles de Vaulx Has Died". Morningstar, Inc. Retrieved May 2, 2021.
  3. ^ "Charles de Vaulx suicide: Millionaire investor jumps off 10th floor of posh NY building after firm loses money". meaww.com. Retrieved May 2, 2021.
  4. ^ Moynihan, Lydia (Apr 28, 2021). "Charles de Vaulx's apparent suicide a tragic Wall Street tale". Retrieved May 2, 2021.
  5. ^ Kapadia, Reshma. "Legendary Value Manager Charles de Vaulx Found Dead". www.barrons.com. Retrieved May 2, 2021.
  6. ^ Reuters Staff (Apr 27, 2021). "Charles de Vaulx, IVA's noted value investor, found dead at New York offices". Retrieved May 2, 2021 – via www.reuters.com.

External links[]

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