717 Fifth Avenue, 10th Floor
12th Floor
New York, NY 10022
Google Maps
Contact
Main Phone: 212-584-3570
Web Site:
http://www.ivafunds.com/
Mutual Fund Brand(s)
IVA Funds
Research Links
SEC Fund Filings by CIK
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Background:
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International Value Advisers was founded by First Eagle alums in October 2007 in midtown Manhattan. It is wholly owned by five partners: portfolio managers Charles De Vaulx and Chuck De Lardemelle, investment analysts Simon Fenwick and Thibault Pizenberg, and CEO Michael Malafronte.
The firm is extremely focused "preserving capital and protecting on the downside," explained one top executive at the firm. IVA offers only two investment strategies, in both mutual fund and separate account format; the funds are the called the IVA Worldwide Fund and the IVA International Fund. Both are flexible, broad-mandate funds that can tap into asset classes across the entire spectrum (though the International strategy can only reach outside the U.S.).
Between the two strategies IVA now boasts more than $10 billion, including about $7.5 billion in the mutual fund versions ($6.5 billion of that in the Worldwide fund). And according to one top executive at IVA, the firm is only aiming for a maximum AUM of $15 billion, and could close the funds to new investors if its assets approaches that number. And don't expect IVA to launch any new funds, either.
Distribution-wise, Tara Hannigan leads IVA's team of three external and three internal wholesalers on the mutual fund side, and another two wholesalers focus on institutional and consulting distribution. IVA restricts its separate accounts to those investing at least $50 million, and its funds are primarily advisor-sold, both via wirehouses and via RIAs on platforms like Schwab Institutional. (Individual investors who go direct still have to pay the load on the funds.)
On January 21, 2011, IVA closed all of its investment products to new investors.
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Sponsored Opportunities
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Key People:
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Michael Malafronte
Managing Partner, International Value Advisers LLC | Charles de Vaulx
Chief Investment Officer, Partner, Portfolio Manager, International Value Advisers | Chuck De Lardemelle
Partner, Portfolio Manager, International Value Advisers | Shanda Scibilia
Chief Operating Officer, International Value Advisers | Stefanie Hempstead
Chief Financial Officer, International Value Advisers | Tara Hannigan
Director of Mutual Fund Distribution, International Value Advisers | Simon Fenwick
Partner, Investment Analyst, International Value Advisers | Thibault Pizenberg
Partner, Investment Analyst, International Value Advisers |
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