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Worldly Fund

Globe-trotting with your assets pays off.

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This story appears in the May 2002 issue of Entrepreneur. Subscribe »

Talk about international mutual funds with anyone who's been in the funds business for a while, and Jean-Marie Eveillard's name will inevitably pop up. He's the portfolio manager of the First Eagle SoGen Global Fund (SGENX), managing the fund since its inception in 1979.

Eveillard has racked up an impressive track record. In 2001, a horrific year for funds by any standard, this five-star Morningstar fund was up 10.2 percent. In fact, in the 23 years he's run the fund, it has outperformed its benchmark, the MSCI World Index, by about 300 basis points. According to Eveillard, that puts the First Eagle SoGen Global Fund's average return at about 15 percent per year, compared with the MSCI World Index's 12 percent.

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