This half-century old value fund has Buffett’s style all over it


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Warren Buffett has inspired generations of value investors, and one 53-year-old, market-beating mutual fund has his legacy all over it. The First Eagle Global Fund (SGENX ), with almost $47 billion in assets under management, reflects the teachings and principles of economist and professor Benjamin Graham , the father of value investing, and Buffett, Graham's most famous disciple — disciplined investing, ample liquidity and diversification. For almost three decades, starting in 1979, the fund was run by another acolyte of value, Jean-Marie Eveillard. Since 2008, the fund's been run by Matthew McLennan, with Kimball Brooker coming on board a year...