Jean-Marie Eveillard Returns to First Eagle

The famed French-born value manager is again running his old fund -- though he won't stay long. He shares some fascinating insights on the markets.

Jean-Marie Eveillard, one of the most renowned value managers, is back at the helm of First Eagle Global fund -- his post for 25 years before retiring a little more than two years ago. Unfortunately for investors, he's only staying a few months.

Eveillard, 67, replaces his longtime protégé, Charles de Vaulx, 45, who resigned last week. "It was very abrupt," says Eveillard. "He was not forced out. He resigned, and I guess only he can answer the question of why." The funds' sponsor, Arnhold and S. Bleichroeder Advisers, likewise says that de Vaulx stepped down voluntarily. De Vaulx wasn't available for comment.

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Steven Goldberg
Contributing Columnist,
Steve has been writing for Kiplinger's for more than 25 years. As an associate editor and then senior associate editor, he covered mutual funds for Kiplinger's Personal Finance magazine from 1994-2006. He also authored a book, But Which Mutual Funds? In 2006 he joined with Jerry Tweddell, one of his best sources on investing, to form Tweddell Goldberg Investment Management to manage money for individual investors. Steve continues to write a regular column for and enjoys hearing investing questions from readers. You can contact Steve at 301.650.6567 or