Jean-Marie Eveillard is a highly respected French investment manager who spent the majority of his career in the United States. He was born on December 14, 1939, in Poitiers, France. Eveillard is recognized for his career as a senior advisor at First Eagle Investment Management and his time managing the First Eagle Global Fund.
After earning his degree in Finance from Ecole des Hautes Etudes Commerciales, a top business school in France, Jean-Marie moved to the United States in 1968. He later joined the company, SoGen Funds, in 1970 and took it to new heights with his value-investing style. The SoGen International Fund, under Eveillard’s management, became the First Eagle Global Fund.
Eveillard is often associated with the investment strategy known as ‘value investing’, which involves buying securities deemed undervalued by fundamental analysis. He retired in 2004 but briefly returned after his successors faced difficulties in the 2008 financial crisis. Eveillard officially stepped down from his full-time role at First Eagle in 2009, but he remained on as a senior advisor until 2015.
Eveillard was honored with a Lifetime Achievement Award from Morningstar for his indispensable contributions to the fund industry in 2003. Over his career, he has been known for his long-term, risk-averse, and value-oriented investment approach. His work and strategy have gained him great esteem and respect in the finance investment world.
1. Early Life and Education of Jean-Marie Eveillard
Jean-Marie Eveillard was born on December 14, 1939, in Poitiers, France. During his early years, he was intrigued by the financial market, which sparked his interest in pursuing a long-term career in finance and investment management.
With a passion to delve deeper into the world of finance, Eveillard attended Ecole des Hautes Etudes Commerciales, a prestigious business school in France. Here he earned a degree in Finance, thus laying a strong foundation for his future career in investment management. The expertise he acquired in the field of finance played an instrumental role in shaping his professional path and his subsequent move to the United States.
2. The Investment Strategy and Career of Jean-Marie Eveillard
After moving to the United States in 1968, Jean-Marie Eveillard joined SoGen Funds in 1970, a career move that marked the start of a successful journey in finance and investment management. Known for his investment acumen and strategic thinking, Eveillard rapidly progressed in his career and became highly known for his work in value investing, a strategy surrounding the purchase of undervalued securities based on a fundamental analysis.
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Under the guidance of Eveillard, SoGen Funds thrived and captured the attention of successful investors alike. His success in leveraging value-investing principles reached a pivotal point when his fund, the SoGen International Fund, metamorphosed into the First Eagle Global Fund, cementing Eveillard’s legacy in the field of investment management.
Eveillard officially retired in 2004, but the financial crisis of 2008 led him to briefly step back into the realm of investment management to assist his successors. After successfully navigating the crisis, Eveillard resumed his retirement in 2009. However, his association with First Eagle Investment Management continued as a senior advisor until 2015. Throughout his career, Eveillard showcased a long-term, risk-averse investment approach that still influences the industry today.
3. Awards and Recognition for Jean-Marie Eveillard
A testament to his exceptional contribution to the field of investment management, Jean-Marie Eveillard has been the recipient of numerous accolades and awards. His focused and strategic approach to value investing earned him not just financial success but industry-wide recognition as well.
Among his many awards, one of the most noteworthy is the Lifetime Achievement Award that he received from Morningstar in 2003. This award recognizes individuals for significant contributions to the finance and investment community and placed Eveillard among the ranks of investment industry elites.
Even after stepping down from active contribution after retirement and later assuming a senior advisory role, Jean-Marie Eveillard’s influence continues to resonate in the investment world. His thoughtful strategies, career success, and contribution to the principles of value investing make him a respected figure in finance and investment circles.
Throughout his remarkable and inspiring career, Jean-Marie Eveillard has truly cemented his legacy as a pioneer in the strategy of value investing. His diligent work, strategic thinking, and influence in the finance and investment world have left a lasting impact that continues to guide and inspire many in the industry today.
- Jean-Marie Eveillard is an influential figure in the world of finance and investment, known for his expertise in value investing.
- After studying finance in France, Eveillard moved his career to the United States, where he began his journey with SoGen Funds and later led the First Eagle Global Fund.
- Despite retiring in 2004, Eveillard made a brief return in 2008 to help his successors navigate the financial crisis.
- Eveillard’s long-term, risk-averse investment strategy has earned him widespread respect and a Lifetime Achievement Award from Morningstar.
- Even after retirement, Eveillard’s work continues to inspire and influence contemporary strategies in finance and investment sectors.
1. What is value investing, as practiced by Jean-Marie Eveillard?
Value investing, as practiced by Jean-Marie Eveillard, is a strategy that involves buying securities that appear undervalued by some form of fundamental analysis. This strategy aims to select stocks that are trading for less than their intrinsic or book value.
2. What is the First Eagle Global Fund?
The First Eagle Global Fund, previously known as SoGen International Fund, is a mutual fund that invests in various asset classes globally, including equities, bonds, and precious metals. The fund gained prominence under Jean-Marie Eveillard’s leadership.
3. What role did Jean-Marie Eveillard play during the 2008 financial crisis?
Despite being retired, Jean-Marie Eveillard returned to First Eagle during the 2008 financial crisis to help guide his successors through the difficult market circumstances. His knowledge and experience were instrumental in navigating the volatile economic scenario.
4. How did Jean-Marie Eveillard contribute to the investment industry after retirement?
After his retirement, Jean-Marie Eveillard continued to contribute to the investment industry as a senior advisor for First Eagle Investment Management up to 2015. His insights and guidance continued to influence the company’s decisions and strategy.
5. Why is Jean-Marie Eveillard’s career significant to the investment world?
Jean-Marie Eveillard’s career is significant to the investment world because of his successful application of value investing. His strategies and insights have left a lasting impact on the field, influencing generations of investors and finance professionals. He is also a recipient of the Lifetime Achievement Award from Morningstar, recognizing his contributions to the industry.