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IVA Founder Charles de Vaulx Has Died

The respected value manager died in an apparent suicide, police said.

Charles de Vaulx, an iconoclastic value manager who co-founded IVA Funds after working for many years with investing legend Jean-Marie Eveillard, has died in an apparent suicide, the New York City Police Department confirmed Monday evening.

De Vaulx, 59, entered IVA offices at 717 Fifth Ave. in Manhattan shortly before 1 p.m. Monday, the department’s public information office said in an email. Responders pronounced him dead at the scene at 1:05 p.m. The police said detectives are still investigating de Vaulx's passing, but do not suspect any criminal activity.

The death of de Vaulx shocked and saddened former colleagues and others who knew him for his uncompromising investment style that prioritized buying stocks at deep discounts or not at all. He was renowned and revered across the industry for his investing acumen and opinionated views on individual companies and the market in general. IVA, the firm he formed in 2008 with former colleagues from First Eagle funds, had struggled in recent years, however. His passing comes little more than a month after IVA abruptly announced it would liquidate its funds and close shop.

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Dan Culloton

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Dan Culloton is director, editorial, manager research for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He has been the lead analyst on a number of asset managers, including BlackRock, Vanguard, Franklin Templeton, Dodge & Cox, FPA, and Davis Selected Advisors. He edited the first Morningstar ETFs 150 reference guide and served as editor of the Vanguard Fund Family Report for six years.

Before joining Morningstar in 1999, Culloton was a business writer for the Daily Herald and was a recipient of the Chicago Headline Club's Peter Lisagor Award in 1998.

Culloton holds a bachelor's degree in English and journalism from Marquette University and a master's degree in public-affairs reporting from the University of Illinois at Springfield.

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