Eveillard's First Eagle Global Fund, which has enjoyed a five-year annualized return of 18% (compared with 15% at MSCIs World Index), has been steadily increasing its positions in Japanese stocks to 21% of the fund, behind only U.S. stocks at 24%.

FORBES: Cash For Sale

Jean-Marie Eveillard, manager of the First Eagle SoGen Global Fund, gained 21% with timber producer Rayonier.

FORBES: Pick One Stock

Jean-Marie Eveillard, the manager of the First Eagle SoGen Global Fund, gained 21% with Rayonier, a timber producer.

FORBES: Pick one stock