First Eagle Investment Management

First Eagle Investment Management LLC
Private
Industry Investment Management
Founded 1803 (1803)[1]
Headquarters 1345 Avenue of the Americas
New York City, U.S.
Key people
 John Arnhold, chairman and chief investment officer
Mehdi Mahmud, president and chief executive officer
Bridget Macaskill, chairman of the board, First Eagle Holdings, Inc. Senior adviser to First Eagle Investment Management and to the CEO.
Number of employees
 168 (2012)[2]
Website www.feim.com

First Eagle Investment Management is a US investment management company based in New York City that is an adviser to the First Eagle Funds. The company manages a number of Investment funds including the First Eagle Global Fund, First Eagle Overseas Fund and First Eagle Fund of America.

History

The company formerly known as Arnhold and S. Bleichroeder, traces its heritage to a predecessor firm S. Bleichroeder that was founded in 1803 in Berlin, Germany. In 1937, the firm's activities moved to New York City. First Eagle was established in 1967 at Arnhold and S. Bleichroeder by its chairman, Henry H. Arnhold and its vice president, George Soros.[3] [4]. In 1987, the firm established its first U.S. registered mutual fund, the First Eagle Fund of America.

In 1999, First Eagle Investment Management, LLC acquired the majority share of Société Générale Asset Management, a subsidiary of the French bank Société Générale whose investment team managed global value equity strategies. At that time, the Firm became the investment adviser to the First Eagle Funds, including the SocGen International Fund, later named the First Eagle Global Fund. The team managing these strategies became First Eagle's Global Value Team.

Funds

The team manages five mutual funds: First Eagle Global Fund, First Eagle Overseas Fund, First Eagle U.S. Value Fund, First Eagle Gold Fund, and First Eagle Global Income Builder Fund.

First Eagle Investment Management also offers two additional funds: First Eagle High Yield Fund and First Eagle Fund of America.

References

  1. ↑ "Company Overview of First Eagle Investment Management, LLC". Bloomberg businessweek. Retrieved September 7, 2013.
  2. ↑ "First Eagle Investment Management Receives Two Lipper Awards for Global and High Yield Funds". Yahoo Finance. March 15, 2013.
  3. ↑ Flitter, Emily (August 29, 2018). "Henry Arnhold, Patriarch of a Storied Banking Family, Dies at 96". The New York Times. Retrieved 9 September 2018.
  4. ↑ "George Soros Part One: Early Career". NexChange. Originally published in ValueWalk.com in August 2016. Retrieved 9 September 2018.
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