Charles de Vaulx, IVA's noted value investor, found dead at New York offices

NEW YORK, April 27 (Reuters) - Charles de Vaulx, chairman and chief investment officer of International Value Advisers, has died, the firm said on its website, and research firm Morningstar reported the award-winning portfolio manager had apparently taken his own life.

New York police said a 59-year-old man died at the firm’s midtown Manhattan offices on Monday in an apparent suicide but declined to identify the man.

De Vaulx’s death came seven weeks after the firm abruptly announced it would liquidate its funds and halt business. It said that it had completed the liquidation on April 19.

“The entire IVA community convey their deepest sympathy to his family at this difficult time,” the firm said on its website.

The firm had $863 million in total net assets at the end of 2020.

Known as a value manager who favored undervalued and unloved stocks, de Vaulx was named Morningstar’s International Stock Manager of the Year in 2001 along with his long-time mentor, Jean-Marie Eveillard. He was a runner-up for the same prize in 2006. (Reporting by Brendan O’Brien in Chicago and Frank McGurty in New York; Editing by Stephen Coates)