Arnhold & S. Bleichroeder spinout to begin trading early next year

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International Value Advisers, a new hedge fund firm founded by four alumni of Arnhold & S. Bleichroeder Advisers, has announced that the new firm will begin investment operations in or around February 1, 2008.

The New York hedge fund firm was founded this fall by Chuck de Lardemelle, Simon Fenwick, Michael Malafronte and Lawrence Borsanyi. All four men had been senior vice presidents of ASB’s global value team.

IVA, based in New York, will follow a long-term value-oriented philosophy that emphasizes downside protection and absolute returns. In a press release, the new firm noted that its “eclectic approach” means it