What is Charles de Vaulx's net worth? Investor killed himself after firm decided to liquidate funds, halt trade
Charles de Vaulx, a renowned value investor and the co-founder of International Value Advisors, died on Monday, April 26. According to the New York Police Department, the death is suspected to be caused by suicide. The chairman and chief investment officer of International Value Advisers reportedly died at the firm’s midtown Manhattan offices.
According to the police, De Vaulx entered the Midtown tower at 717 Fifth Avenue shortly before 1 pm on April 26. Minutes later, De Vaulx plummeted from the tenth floor, according to a building employee. Responders at the scene pronounced him dead at 1.05 pm.
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The 59-year-old had a long career as a global investor. Gregg Wolper, a senior analyst at Morningstar Manager Research, spoke of De Vaulx, “Others were willing to compromise and try some new approaches to adapt. De Vaulx didn’t think that was appropriate and stuck to the deep value approach. His investors appreciated it because there weren’t many other places to find that.” De Vaulx’s death came seven weeks after the firm announced that 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 in an online statement.
What is Charles de Vaulx’s net worth?
He was the chief investment officer and portfolio manager at International Value Advisers, where he is also a partner. Before joining IVA in 2008, he was the portfolio manager of First Eagle Global, First Eagle Overseas, First Eagle US Value and First Eagle Variable. De Vaulx began his career at Societe Generale Bank as a credit analyst in 1985. He graduated from the Ecole Superieure de Commerce de Rouen and holds a master's degree in finance.
“This is a Shakespearean tragedy on a lot of levels... Ironically many of the stocks he owned have appreciated significantly in the past few months,” a source close to de Vaulx told The New York Post. “Charles was a complex man with a lot of hubris who felt he failed in his mission of value investing and lost his raison d’etre.”
Last month, IVA had liquidated after a turbulent year that included the abrupt departure of de Vaulx’s longtime business partner, Chuck de Lardemelle. The firm had $863M in total net assets at the end of 2020. Another report, however, claims that the firm still had more than $2B in assets and “value was beginning to see a resurgence”. The Securities and Exchange Commission's (SEC) Form 13F, a quarterly report that is required to be filed by all institutional investment managers, for De Vaulx shows that his portfolio value for the third quarter of 2020 was $615,136,000.
His personal wealth is not listed publicly. De Vaulx is survived by a wife and two children.
