First Eagle Fund Loses Four Execs

Neither de Lardemelle nor Fenwick have concrete plans, but they say they may take a look at reforming the team at some point in the future.

"Value investing is in our blood. We definitely want to return to the business and we are exploring our options," says Fenwick. "But given that the four of us get along with each other, it makes sense for us to consider starting our own shop."

Borsanyi echoed the comments of Fenwick and Lardemelle, while Malafronte was said to be travelling in Africa on honeymoon.

First Eagle has already filled two of the three investment team vacancies. Columbia Business School professor Bruce Greenwald will take the role of research director, while Abhay Deshpande will move from a senior research role at First Eagle into a money management role.

Eveillard, who says he has committed to staying through March 2009, says the firm is still looking for one more manager.

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