Manhattan investor Charles de Vaulx kills himself by jumping from NYC skyscraper after his financial empire collapses
Manhattan investor, Charles de Vaulx committed a suicide by jumping off the 10th floor of Midtown tower after his financial company was liquidated.
in 2008 then 46-year-old De Vaulx joined International Value Advisers, founded by legendary investor Jean-Marie Eveillard 14 years ago, and became chief investment officer, co-portfolio manager, and partner. After that, the company turned into a financial giant and had $20 billion in assets at it beak before collapsing last month.
The offices of the company occupied the Midtown tower at 717 Fifth Ave.
De Vaulx killed himself on Monday. He reportedly entered the tower shortly before 1 p.m., a building employee said. He then plummeted from the 10th floor of the building.
59-year-old billionaire was pronounced dead at the scene at about 1:05 p.m. The investigation of Moroccan-French born financer is ongoing, although police say no foul-play is suspected.
Charles de Vaulx wasn’t accused of any financial crimes or other wrongdoings, authorities said.
“It was never about the money,” one person close to de Vaulx said. “IVA was an embodiment of de Vaulx’s personality and when it began to unwind, he took it personally.”
International Value Advisers had liquidated due to the difficulties within the company, including the departure of de Vaulx’s longtime business partner, Chuck de Lardemelle — a respected money manager in his own right.
“This is a Shakespearean tragedy on a lot of levels … Ironically many of the stocks he owned have appreciated significantly in the past few months,” a source close to de Vaulx told The Post, on the condition of anonymity.
“Charles was a complex man with a lot of hubris who felt he failed in his mission of value investing and lost his raison d’etre,” the source added.
IVA released a statement on its website over de Vaulx’s death.
“It is with heavy hearts that we announce the passing of our chairman and CIO, Charles de Vaulx. The entire IVA community conveys their deepest sympathy to his family at this difficult time.”
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