First Eagle Investment Management announced that effective January 10, 2019, the current soft-close limitations applicable to the International Value Strategy, which includes the First Eagle Overseas Fund, will be removed. The Strategy and the Fund have been closed to certain third-party intermediaries and institutional investors since May 2014.
Watch Matt McLennan alongside Evercore ISI's, Ed Hyman, as they discuss what has changed over the last year and what that means for the U.S. economy and markets.
NEW YORK, December 10, 2018 – First Eagle Investment Management (“First Eagle”) today announced that its alternative credit group, NewStar Financial (“NewStar”), will rebrand to First Eagle Investment Management, adopting its parent’s name. NewStar’s investment team will operate as the Private Credit team of First Eagle, and the legal entities NewStar Financial, LLC, and NewStar Capital LLC, will change their names to First Eagle Private Credit, LLC, and First Eagle Private Credit Advisors, LLC, respectively.
What should investors do to prepare for 2019? Curb their enthusiasm, for one. With threats ranging from increasing debt to tightening fiscal policy, McLennan believes investors should be "realistic" rather than "too optimistic" about the coming year. That said, volatility can be an opportunity to buy solid stocks at reduced prices, he notes. McLennan looks for companies that have "resilience" across their business, from corporate culture to balance sheets. Read on for his picks.
Valuation drives everything, according to Sean Slein and Kimball Brooker, portfolio managers of the First Eagle Global Income Builder Fund. Investing with a perceived “margin of safety” in equities and fixed income, the fund aims to provide both current and future income.
First Eagle High Yield Fund named one of the top bond funds in IBD’s 2018 Best Mutual Fund Awards. Read the full article to learn more.
NEW YORK— First Eagle Investment Management (“First Eagle”) is pleased to announce a multi-year partnership with Boston College’s Center for Retirement Research (CRR). Their objective is to work together to develop actionable insights and tools for plan sponsors and financial advisors to use when helping retirement savers reach their goal of living a dignified life throughout retirement.
NEW YORK, Dec. 22, 2017 – First Eagle Investment Management (“First Eagle”) today announced that it has completed its previously announced acquisition of NewStar Financial Inc. (NASDAQ:NEWS) ("NewStar”), an established lender and investment manager specializing in direct lending to middle-market companies and management of broadly syndicated loans. NewStar’s credit platform and investment teams now form the alternative credit group of First Eagle.
NEW YORK—(December 14, 2017)—First Eagle Investment Management announced today that effective January 3, 2018, it will absorb the costs of all external research purchased by First Eagle investment teams.