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

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

Rating:De Lardemelle and De Vaulx to Close Their Mutual Funds to New Investors Not Rated 1.0 Email Routing List Email & Route  Print Print
Monday, January 24, 2011

De Lardemelle and De Vaulx to Close Their Mutual Funds to New Investors

Reported by Armie Margaret Lee

Chuck de Lardemelle, Charles de Vaulx and their team at International Value Advisers [see profile] are closing the New York City firm's two mutual funds to new investors next month. The $7.9 billion IVA Worldwide Fund and the $1.9 billion IVA International Fund will close to new investors effective the close of business on February 18. [SEC filing]

“We have always been open with our financial advisers and shareholders about the fact that we are mindful of the firm's overall capacity constraints," said Michael Malafronte, managing partner at IVA and president of IVA Funds, in a press release. "The Board of Trustees, our Portfolio Managers, Charles de Vaulx and Chuck de Lardemelle, and I believe that this is in the best interest of the Funds’ shareholders.”

IVA was started by First Eagle alums in October 2007. The company launched its two mutual funds in October 2008.
Company Announcement

IVA FUNDS

January 21, 2011

Effective as of the close of business on February 18, 2011, the IVA Worldwide Fund and the IVA International Fund will close to new investors. The close is designed to be a "soft close" meaning the Funds will remain open to existing shareholders. Further, where operationally feasible, financial advisers who currently have clients invested in the Funds may continue to buy shares for existing and future clients and participants in retirement plans which utilize the Funds as investment options may continue to direct contributions to the Funds. Additional exceptions may also apply.

Michael Malafronte, Managing Partner at International Value Advisers, LLC and President of IVA Funds, recently remarked, "We have always been open with our financial advisers and shareholders about the fact that we are mindful of the firm's overall capacity constraints. The Board of Trustees, our portfolio managers, Charles de Vaulx and Chuck de Lardemelle, and I believe that this is in the best interest of the Funds' shareholders."

Additional information regarding the close of the Funds will be made available in a supplement to the prospectus. The supplement will set forth the details of the soft close and will be posted on the Funds’ website at www.ivafunds.com. If you have further questions, please call the IVA Mutual Funds Sales Desk at (877) 874-2999. Thank you for your continued confidence in IVA Funds.

With best regards,
IVA Funds
 

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

1.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use