About Us

Founded in Europe, the firm moved its headquarters to New York City in 1937, but has always maintained a world-wide frame of reference. We are committed to nurturing an investment-centric culture with a long-term global perspective that reflects our extensive international business experience. Since its founding, First Eagle Investment Management's largest shareholders have been the Arnhold family and key employees, and our owners are the largest fee-paying investors in First Eagle's strategies. Our interests are closely aligned with those of our clients, and we measure success by the same standard: consistently strong long-term performance. We view ourselves as a firm of investors, not of asset-gatherers.

First Eagle strives at all times to preserve the high standards that 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 our peers.

Investment Philosophy

As value investors, we believe in buying fundamentally strong companies that the markets have priced below our assessment of their intrinsic value. In other words, we tend to look at companies with the eyes of an acquirer of an enterprise rather than an investor in a security, asking how the business is likely to fare over a long business cycle. Our investment process is driven by independent, bottom-up fundamental research.

We have remained true to our value convictions through all types of markets. Value investing, as we practice it, recognizes that we cannot have certain knowledge of the future. It is not always possible to forecast when our evaluation of a company's true economic value will be reflected in its share price, but we are prepared to be patient.

As investment managers, we combine caution with a passion for investing. Our strategies are designed, above all, to help us meet our goal of preserving our clients' capital over time, and we manage risk accordingly. In our view, the most serious risk is not short-term market volatility, but rather the permanent impairment of capital. As benchmark-agnostic managers, we have the courage of our convictions and do not allow consensus views or market sentiment to distract us. Instead, we remain committed to the philosophy which has guided us for over two centuries.

Ownership

Since launching our U.S. operations in 1937, First Eagle has been primarily owned by the Arnhold family and key employees. The firm recapitalized in 2007, granting additional equity interests to key employees. Believing that equity ownership is an effective means of rewarding and retaining employees, we anticipate that employees' ownership stake in the firm will grow over time, as will the number of employees participating.