Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

9436

First Eagle Investment Management launches first new fund in over a decade

RELATED TOPICS​

First Eagle Investment Management (FEIM), a privately held asset management firm, is launching High Yield Fund, the firm’s first new fund launch in over ten years. Managed by Edward Meigs, CFA and Sean Slein, CFA, the high yield strategy can be accessed through an institutional separate account or a registered mutual fund.

"First Eagle has always aligned itself with our investors by investing alongside them. We are focused on capital preservation and we understand our clients’ needs for current income generation. We are also long-time investors in high yield," says John Arnhold, Chairman and CIO. "Adding a High Yield strategy was a logical extension of our equity offerings. We are very pleased to offer a fixed income strategy that is so closely aligned with our focus on absolute returns and bottom-up fundamental research."

The High Yield team’s approach of modifying risk exposure through various stages of the credit cycle differentiates it from many other high yield strategies.

Doug Meyer, Senior Vice President, Institutional Sales, says: "As institutional investors increasingly allocate to dedicated high yield mandates and move to disaggregate core from core-plus mandates, we believe that this strategy may offer a solution to our institutional clients.

"Furthermore, the team’s bottom-up fundamental approach, benchmark-agnostic portfolio construction, and risk rotation through the high yield cycle to manage downside risk are consistent with institutional investors’ needs.”
 

Latest News

Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according..
Octopus Investments (Octopus) has announced it has launched a Natural Capital Strategy...
Research firm focused on Alternative UCITS funds, Kepler Absolute Hedge, has published its Market Intelligence..

Related Articles

Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by