Charles de Vaulx (1961/1962 – 26 April 2021) was an American

asset manager Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

. He was chief investment officer, co-portfolio manager, and partner at International Value Advisers, LLC.

Background and history

Born in

Morocco Morocco (),, ) officially the Kingdom of Morocco, is the westernmost country in the Maghreb region of North Africa. It overlooks the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria to ...

, de Vaulx earned a Master in Finance from Ecole Supérieure de Commerce de Rouen, France. In January 1987, de Vaulx joined the SoGen Funds, a branch of

Société Générale Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale ...

, 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 First Eagle 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, 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 a 2019 interview with Morningstar, de Vaulx mentioned he had recently become a

naturalized U.S. citizen Citizenship of the United States is a legal status that entails Americans with specific rights, duties, protections, and benefits in the United States. It serves as a foundation of fundamental rights derived from and protected by the Constit ...

. 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 Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis. The various forms of value investing derive from the investment philosophy first taught by Benjamin Graham ...

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.

References

External links

CBS MoneyWatch.com
{{DEFAULTSORT:Vaulx, Charles de 1960s births 2021 deaths 2021 suicides Year of birth uncertain 20th-century French businesspeople Chief investment officers Suicides by jumping in New York City 21st-century French businesspeople