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First Eagle manager Eveillard takes dim view of U.S. stocks; favors Japan
By admin - Posted on June 27th, 2008
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Mutual-fund manager Jean-Marie Eveillard is a veteran buyer of value stocks, and when he surveys the global investment landscape nowadays, years of experience make him a cautious shopper.
"This is the worst financial crisis since the Great Depression," Eveillard, who runs First Eagle Overseas Fund (SGOVX) , said in a recent telephone interview. Unlike many of his peers, Eveillard does not believe the storm is over. "The transition to a better economy may take quite a while and be quite painful," he said.
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