Reflections
2025-2026 Edition

Viewpoints from First Eagle Investment Professionals
Uncertainty remains a key theme as we enter 2026. Discover how our investment teams are positioned to navigate what's ahead.

Reflections
2025-2026 Edition

Viewpoints from First Eagle Investment Professionals
Uncertainty remains a key theme as we enter 2026. Discover how our investment teams are positioned to navigate what's ahead.

Who We Are

Recommended Videos

  • Navigating a Sea Change in Western Alliances

    Deputy Head and Portfolio Manager of Global Value Christian Heck explains how tensions between the US and its traditional Western allies highlight the importance of building resilience through bottom-up selection, diversification and a strategic allocation to gold as a potential

  • Mind the Exit, Watch the Spread

    Michelle Handy, chief investment officer of direct lending at Napier Park Global Capital, explains why refinance or exit risk is the most underappreciated risk looming in the direct lending market and discusses why manager selection impacts performance as credit spread become a

  • The Risk of Complacency as Dark Clouds Accumulate

    Deputy Head and Portfolio Manager of the Global Value team Julien Albertini explains why the team remains focused on risk amid widespread complacency and how a disciplined, bottom-up approach focused on quality businesses helps to manage risk and build resilience.

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Strategies

  • Equities

    Adopting a business-owner mindset in an effort to build resilient portfolios of stocks across geographies and market capitalizations.

    • Global
    • US Small Cap
  • Fixed Income & Currencies

    Applying vigorous underwriting discipline to income-oriented opportunities in investment grade and non-investment grade securities.

    • Currency Management
    • High Yield
    • Investment Grade
    • Short-Term Liquidity
    • Sovereign Debt
    • US Municipals
  • Alternative Credit

    Searching for differentiated sources of risk and return, income and hedging potential in less traditional credit markets.

    • Asset Based Lending
    • CLO Equity & Debt
    • European Bank Loans
    • European CLO Management
    • European Credit
    • Global Credit Derivatives
    • US Leveraged Loans
    • US CLO Management
    • US Direct Lending
    • US Mortgage & Consumer
  • Real Assets

    Leveraging the scarcity inherent in essential long-duration physical assets in an effort to grow capital over time.

    • Aviation
    • Gold
    • Industrial Equipment
    • Listed Real Assets
    • Railcar
    • Renewable Energy

Investment Culture

Differentiated investment approaches; an undivided commitment to long-term client outcomes

First Eagle Investments over time has deliberately sought to nurture an investment-led culture supported by a set of core investment tenets that encourages philosophical autonomy among our portfolio management teams in pursuit of client goals.

Diversity, Equity & Inclusion

Diverse perspectives driving client outcomes.

Guided by our commitment to Diversity, Equity and Inclusion (DE&I), First Eagle seeks to nurture a high-performance culture that attracts, develops and retains a talented, inclusive workforce.

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  1. First Eagle Investment Management, Ltd a wholly owned subsidiary of First Eagle Investment Management, LLC is authorised and regulated by the Financial Conduct Authority of the United Kingdom.