International Value Advisers
, the eight-month-old Madison Avenue investment shop populated by ex-First Eagle
with the SEC
to launch its first two mutual funds. The IVA Worldwide Fund
and IVA International Fund
will be available in Class A, C and I shares, with management fees at 100 bps.
Charles de Lardemelle
and Charles de Vaulx
will take the helm of the funds. De Vaulx left First Eagle -- where he was the lead manager for four funds -- in March last year in surprise departure that prompted his predecessor, Jean-Marie Eveillard
, to emerge from retirement and take charge of the funds.
To view the filing, click here
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