Mutual fund manager, International Value Advisers, is planning to close its IVA Funds to new investors. The IVA Worldwide Fund and the IVA International Fund will be closed due to capacity constraints. The change will be effective from Feb. 18, 2010. Charles de Lardemelle and Charles de Vaulx are managing the IVA Funds. The IVA Worldwide Fund has returned an annual 19.1% since inception on Oct. 1, 2008, while the IVA International Fund has returned an annual 17% since launch.

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