The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:In Gotham, an $11.8B Duo Reopens Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, September 13, 2018

In Gotham, an $11.8B Duo Reopens

Reported by Neil Anderson, Managing Editor

An $11.8-billion mutual fund family is now broadly accessible again, after more than seven years out of reach. But don't expect the firm to ramp up its distribution team just yet.

On Tuesday New York City-based International Value Advisers (IVA [profile]), powered by star PMs Charles de Vaulx and Chuck de Lardemelle, reopened its two mutual funds to new investors. The funds — the $8-billion IVA Worldwide Fund (IVWAX) and the $3.8-billion IVA International Fund (IVIOX) — had been closed to most new investors since February 2011.

"Over the past 4 years, and most significantly over the past 6 months, outflows from our products have outpaced inflows," the IVA team writes. "The IVA Partners our mutual fund Board of Trustees believe it is in the best interests of our existing investors to re-open our products in an attempt to stabilize and maintain a healthy balance between inflows and outflows."

Despite the re-opening, a spokesman for IVA tells MFWire that "there are no plans to add to the marketing staff" for now. Yet if IVA is looking to build strong inflows, it wouldn't be surprising if they were to add resources here. IVA's marketing team currently includes: Tara Hannigan, director of mutual fund distribution; Nadia Paselsky, director of institutional sales; Joan Hull, director of offshore sales and senior institutional sales and marketing manager; and three regional sales and marketing directors.

Of course, if IVA's inflows do ramp up, they may close off the funds to new investors, again.

"We will continue to monitor the pace of investments and will not hesitate to consider restricting inflows when we believe it is again necessary," the IVA team writes.

The 11-year-old firm had $17.7 billion in AUM as of June 30. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. Nicsa webinar - Luxembourg: The FinTech Gateway to Europ, May 18
  2. MMI webinar - How Wealth Firms Can Attract and Retain the Modern Investor, May 18
  3. ICI webinar - New Research Shows "First-Mover" Is a Universal Investor Response — Not Unique to Open-End Mutual Funds, May 18
  4. MFDF webinar - Mutual Fund Director Compensation: The MPI Annual Survey (2022), May 19
  5. 2022 ICI Leadership Summit, May 25-26
  6. ALFI Roadshow to New York, May 25
  7. 2022 IDC Fund Directors Workshop, May 26
  8. Irish Funds Annual Global Funds Conference 2022, May 30-31
  9. WealthManagement Edge, May 31 - June 3
  10. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  11. 28th annual Expect Miracles East Coast Classic, June 9
  12. 2022 Sohn Investment Conference, June 9
  13. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  14. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  15. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  16. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  17. 2022 MMI Emerging Asset Managers Forum, June 23
  18. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  19. Financial Planning INVEST, Jun 28-29
  20. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  21. MFDF Director Discussion Series - Open Forum (New York), July 20
  22. 2022 MMI Distribution Leadership Forum, Jul 20-21
  23. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  24. MFDF webinar - Performance, Perception and Manager Selection, September 14
  25. 2022 ICI Tax and Accounting Conference, Sep 18-21
  26. 5th annual Expect Miracles Atlantic Coast Classic, October 3

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use