Revered portfolio manager Jean-Marie Eveillard has returned to portfolio management at Arnhold and S. Bleichroeder Advisers and the First Eagle Funds after more than two years of semi-retirement. He will be lead portfolio manager for First Eagle Global, Overseas, U.S. Value, and Overseas Variable funds. While semi-retired he was an advisor to the First Eagle funds.
First Eagle Global Fund was formerly known as SoGen International Fund; Eveillard had managed that fund since 1979 when he was at Societe Generale. Arnhold and S. Bleichroeder acquired Societe Generale Asset Management and First Eagle Funds in 1999.
Eveillard, born in France in 1940, returns to First Eagle to manage the funds and to help put succession teams in place for the funds. Eveillard has committed to staying involved at First Eagle for five years: he will "be actively involved in the portfolio management," for two years, according to Arnhold and S. Bleichroeder Advisers Chairman and CEO John Arnhold, in a statement released May 7. Eveillard will be an advisor to the First Eagle funds for three years after that.
First Eagle Funds' Director of Research, Charles Edouard de Lardemelle will be associate portfolio manager for First Eagle Global, Overseas, U.S. Value, and Overseas Variable funds. Simon Fenwick, associate portfolio manager of the First Eagle Gold Fund, was promoted to co-manager of that fund.