Charles de Vaulx Joins International Value Advisers as Partner and Portfolio Manager.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- International Value Advisers, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("IVA"), today announced that Charles de Vaulx has joined the firm as a Partner and Portfolio Manager. IVA, which launched in October 2007 and began investment operations in January 2008, manages $275 million in global assets for public and private institutions and high net worth individuals. Mr. de Vaulx joins IVA's ten employees, including its founding partners - Charles ("Chuck") de Lardemelle, Simon Fenwick, Michael Malafronte and Lawrence Borsanyi. Charles de Vaulx will be managing all existing IVA accounts jointly with Chuck de Lardemelle, applying the same long only, value investment philosophy that he has successfully employed throughout his career. "We are delighted to welcome Charles to IVA. He's a highly successful, experienced money manager, with an exceptional track record, and we have the good fortune to have worked together previously," said Mr. de Lardemelle, Portfolio Manager. "We all have the same commitment to a long-term, value-oriented approach which emphasizes downside protection Downside Protection Generally used in connection with covered call writing, this is the cushion against loss, in case of a price decline by the underlying security, that is afforded by the written call option. and preservation of capital Preservation of Capital An investment strategy whose primary goal is to prevent the loss of an investment's total value. Notes: For investors using the capital preservation strategy to achieve their goal, they must ensure their portfolio is producing a return that is at . We seek opportunities anywhere in the world and invest in a broad range of asset classes and market capitalizations Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. , and we pay little attention to any index. Charles is Charles I, duke of Lower Lorraine Charles I, 953–992?, duke of Lower Lorraine (977–91); younger son of King Louis IV of France. He claimed the French throne when his nephew, Louis V of France, died (987) without issue, but he was set aside in one of a few investors who shares our philosophy, and he is clearly one of the leading and most experienced practitioners of this style. He makes a strong investment team even more robust." "I am delighted to be working with Chuck and this investment team," said Mr. de Vaulx. "IVA has built an outstanding investment firm, with a strong infrastructure in operations, accounting and compliance that puts its clients first and is committed to an eclectic value investment philosophy that I have practiced since 1987. It is a unique opportunity for me to join a young firm that fits my abilities so perfectly. I look forward to contributing to IVA's future success." Prior to joining IVA, Charles de Vaulx was Chief Investment Officer of the Global Value Group at Arnhold S. Bleichroeder Advisers, LLC ("ASB ASB Asbestos ASB Arbeiter Samariter Bund (German medical help organisation) ASB Anti-Social Behaviour ASB Accounting Standards Board (UK FRC) ASB Aarhus School of Business "). He also served as Portfolio Manager of the First Eagle Global, Overseas, Gold, U.S. Value and Overseas Variable Funds, as well as a variety of separate accounts and offshore accounts. In both 2005 and 2006, de Vaulx won the Absolute Return Award for "Fund of the Year" in the Global Equity category for his management of ASB's Sofire Fund Ltd. In addition to sharing Morningstar's "International Stock Manager of the Year" award in 2001 with his co-manager, Mr. de Vaulx was runner-up for the same Morningstar award in 2006. Mr. de Vaulx joined Societe Generale Bank as a credit analyst in 1985. In 1987, he joined The SoGen Funds as a securities analyst, was named Associate Portfolio Manager in mid-1996, and Co-Portfolio Manager in late 1999. About International Value Advisers, LLC International Value Advisers is a Registered Investment Adviser which was formed in October 2007 to offer investment management services for institutions and qualified high net worth individuals worldwide. As of May 1, 2008, IVA's assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. total $275 million. IVA seeks long-term growth of capital by investing globally in an eclectic and diversified range of securities and asset classes. No attempt is made to construct a portfolio relative to a benchmark. Instead, the objective is to deliver annual returns in excess of risk-free yields and to outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. major benchmarks over a long investment cycle. This press release shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. www.ivafunds.com |
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