First Eagle Funds

An Overview of First Eagle Funds

First Eagle Investment Management, LLC
Investment Adviser to the Funds

The international investment management firm First Eagle Investment Management, LLC ("FEIM") serves as the adviser to the First Eagle Funds as well as offering a variety of other investment services. Among their clients are corporations, foundations, endowments, major retirement programs and individuals. The firm, which has its corporate offices on the Avenue of the Americas in New York, employs approximately 163 professionals and has over $56 billion under management, as of September 30, 2011.

First Eagle Investment Management, which first gained prominence in the 19th century as a catalyst of industrial development in Germany and other European countries, continues to draw on its strong sense of tradition, commitment to excellence and thorough understanding of the investment process to serve its clients the world over.

First Eagle Funds History

1803 S. Bleichröder founded in Berlin.
1864 Gebr. Arnhold (Arnhold Brothers) founded in Dresden.
1907 Gebr. Arnhold opens Berlin branch.
1931 Gebr. Arnhold acquired S. Bleichröder.
1937 Firm's activities move to New York under the name Arnhold and S. Bleichroeder.
1967 Established firm's first offshore fund, First Eagle Fund N.V.
1970 SoGen International Fund is launched
1979 Jean-Marie Eveillard becomes Portfolio Manager of SoGen International Fund
1987 Establishes firm's first U.S.-registered mutual fund, First Eagle Fund of America
1993 SoGen Overseas and SoGen Gold Funds are launched
1995 Firm became SEC registered investment adviser
1999 Arnhold and S. Bleichröder Advisers acquires SoGen Funds from Société Générale Asset Management.

Funds are renamed First Eagle SoGen Global, First Eagle SoGen Overseas and First Eagle SoGen Gold
2001 First Eagle U.S. Value Fund is launched.
2002 First Eagle SoGen Funds becomes First Eagle Funds.
2009 Arnhold and S. Bleichroeder Advisers, LLC, adviser to the First Eagle Funds, is renamed First Eagle Investment Management, LLC
2011 Acquired our High Yield Team

First Eagle Investment Management Philosophy

First Eagle Investment Management is committed to nurturing an investment-centric culture with a long-term, global perspective. We view ourselves as a firm of investors, not asset-gatherers. As such, our interests are closely aligned with those of our clients; we measure our success by the same standard: consistently strong long-term performance.

First Eagle strives at all times to preserve the high standards we have maintained over our 200-year history: a record of unquestioned integrity, a work environment that fosters excellence and dedication, and the earned respect of our clients and peers.

  • Commitment to value investing
  • Patience to hold companies for the long-term
  • Focus on preserving our clients' capital over time
  • Benchmark-agnostic managers undeterred by market consensus or short-term sentiment

The Funds

The First Eagle family of funds, including Global Fund, Overseas Fund, U.S. Value Fund, Gold Fund, First Eagle Fund of America and High Yield Fund, provides a fully complementary range of value-oriented investment options across the capital structure. While each fund has its own distinct investment mandate, all share a focus on discovering well-managed, undervalued or overlooked companies, as well as special situations.