General Investing >> Money Manager Interviews >> February 9, 2004


JEAN-MARIE EVEILLARD is co-President and Portfolio Manager of the First Eagle SoGen Funds, the same position he held with Socit Gnrale Asset Management until its acquisition by the investment banking firm of Arnhold and S. Bleichroeder (ASB) at the end of 1999. Mr. Eveillard managed the former SoGen International Fund for over two decades and the SoGen Overseas and Gold Funds since their inception in 1993. All three funds have incorporated First Eagle in their names to reflect the new affiliation with Arnhold and S. Bleichroeder, Inc. In addition, the International Fund has been retitled the First Eagle SoGen Global Fund, a name that better describes the fund's worldwide investment strategy. Born in Poitiers, France, in 1940, Mr. Eveillard is a graduate of Ecoles des Hautes Etudes Commerciales, a major French graduate school for economic studies. He started his career with Socit Gnrale, one of France's largest banks, in 1962 and came to the United States in 1968. Mr. Eveillard began working as an analyst with the SoGen International Fund in 1970 and became portfolio manager in 1979. A true value investor, Mr. Eveillard steers away from trends and sectors most popular to the investing public. Instead, he searches the globe for original, obscure and unique situations, which are more likely to be undervalued. His preference demands patience. 'Our time horizon for a security,' he says, 'is five years, not five months.' As Louis Rukeyser has said, 'Jean-Marie Eveillard is one of the best companions a cautious American investor can have on financial voyages abroad.' He is married with two daughters. Mr. Eveillard lives in New York City and enjoys reading, the opera, the NBA and weekends at his country home. Profile
TWST: Would you begin with an overview of the First Eagle Global Fund?

Mr. Eveillard: I've run it for 25 years, since January 1, 1979. I have

to add that I'm retiring at the end of the year