Charles de Vaulx, chairman and chief investment officer of International Value Advisers, died Monday in an apparent suicide, a spokesman from the New York Police Department confirmed. He was 59.
The statement from the NYPD said he entered the firm's midtown office in New York on Monday afternoon and jumped from the 10th floor.
"It is with heavy hearts that we announce the passing of our chairman and CIO, Charles de Vaulx," a message posted on IVA's website said. "The entire IVA community convey their deepest sympathy to his family at this difficult time."
Prior to joining IVL in 2008, Mr. De Vaulx was an analyst and portfolio manager at First Eagle Investments, contributing to the firm's global value team, led by Jean-Marie Eveillard.
"We are saddened to learn of the passing of our former colleague Charles de Vaulx," said a statement on First Eagle's website. "A long-time champion of value investing, Charles left an indelible mark on the investment management industry and on those who had the opportunity to work with him. We extend our deepest condolences to Charles's family and friends during this difficult time."
Mr. Eveillard, the former portfolio manager at First Eagle who worked with Mr. De Vaulx, issued this statement via email: "I remember Charles and will always miss the young intern who helped me when I needed help at SoGen in 1987, and that continued at First Eagle. He came as an intern at SoGen and set the example for everyone else."
IVA announced in March it would be liquidate its two mutual funds and cease operations. The funds were liquidated as of April 19.
Representatives from IVA could not be immediately reached for additional information.
