Legendary mutual-fund manager Jean-Marie Eveillard is emerging from retirement to run several highly regarded First Eagle funds following the abrupt departure of his hand-picked successor.
The firm that runs the funds, Arnhold and S. Bleichroeder Advisers, said Monday de Vaulx had stepped down without providing any reasons. De Vaulx could not be reached immediately for comment.
Eveillard, 67, was named Morningstar Inc.'s International Stock Fund Manager of the Year in 2001. In 2003, he received a Lifetime Achievement Award from Morningstar for building one of the most successful long-term records in the mutual-funds industry.
"I came back because [Arnhold and S. Bleichroeder Chairman] John Arnhold asked me for help," Eveillard said in a telephone interview from his New York headquarters. "I was in Europe and got a call out of the blue. I was very content and happy in retirement."
Read the complete report
The firm that runs the funds, Arnhold and S. Bleichroeder Advisers, said Monday de Vaulx had stepped down without providing any reasons. De Vaulx could not be reached immediately for comment.
Eveillard, 67, was named Morningstar Inc.'s International Stock Fund Manager of the Year in 2001. In 2003, he received a Lifetime Achievement Award from Morningstar for building one of the most successful long-term records in the mutual-funds industry.
"I came back because [Arnhold and S. Bleichroeder Chairman] John Arnhold asked me for help," Eveillard said in a telephone interview from his New York headquarters. "I was in Europe and got a call out of the blue. I was very content and happy in retirement."
Read the complete report
