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International Value Advisers reopens strategies to new investors for first time since 2011

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International Value Advisers has reopened its investment offerings to new investors, confirmed company spokesman Howard Monaghan in an email.

This includes the $8 billion IVA Worldwide Fund, a global value fund, and the $3.9 billion IVA International Fund, an international value fund. The funds typically invest in equities, fixed income, commodities, gold and cash.

Prior to Tuesday, all the firm's investment strategies had been closed to most new investors since February 2011. IVA closed the strategies because the firm was experiencing capacity issues and it was creating problems for its portfolio managers. Financial advisers that had an existing relationship with IVA could previously add new clients, Mr. Monaghan said.

The firm has decided to reopen the strategies because outflows have been outpacing inflows over the past four years, and especially over the past six months, Mr. Monaghan said.

IVA managed $17.7 billion in assets as of June 30.