The New York, New York-based advisor to the First Eagle Funds announced
that it closed the $5.3 billion First Eagle Overseas fund to new investors effective February 2.
Jean-Marie Eveillard, one of the fund's managers, said that the fund's inflows have "continued to accelerate" and that the fund currently held 25 percent of its assets in cash. The fund is also managed by Charles de Vaulx.
Correction: A previous version of this story stated that the First Eagle Overseas fund would close. It should have read that the First Eagle Global Fund would close.
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