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First Eagle Investment Management, LLC (New York)


First Eagle Investment Management, LLC is a large advisory firm based in New York. It manages $92.72 billion of regulatory assets for 64 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Florida, Maryland, and New York.

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First Eagle Investment Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

First Eagle Investment Management: assets under management

The assets under management (AUM) of First Eagle Investment Management, LLC is $92.72 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 150% since the beginning of its operation, and $21.98 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $92.72 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.45 billion each.
First Eagle Investment Management has custody of $2.51 billion in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 26% of the firm’s portfolio. Investments in pooled investment vehicles form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay First Eagle Investment Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Henry Helmut Arnhold serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Henry Helmut Arnhold is investment companies with 8 clients and $65.14 billion of assets under management. Among the 10 most similar advisory firms, First Eagle Investment Management has the 3rd highest percentage of investment companies out of all clients.


The amount of regulatory assets under management is $92.72 billion for 64 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 39% of the firm’s clients are foreign persons or businesses.

First Eagle Investment Management also advises several private funds. Namely, three hedge funds and four other private funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $5,000,000.

Careers at First Eagle Investment Management, LLC

The company employs 228 people that are either part- or full-time employees. 18 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Henry Helmut Arnhold has been acting as President since 1 Mar 1987. L.P. Corsair Capital joined the executive team most recently as the Sole Member.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Inc. Arnhold And S. Bleichroeder Holdings Managing member and parent company 1 Mar 1987 75% - 100% 13-4959915
Inc. First Eagle Holdings Managing member and parent company 1 Mar 1987 75% - 100% 13-4959915
Henry Helmut Arnhold Director 1 Mar 1987 Other 7465
John Peter Arnhold Chairman, chief investment officer & director 1 Nov 1995 Other 1012444
Robert Miller Sr. vice president & director 1 Nov 1995 Other 335459
Robert Bruno Senior vice president 1 Sep 2002 Other 2102844
Michael Max Kellen Vice chairman & director 1 Oct 2003 Other 1070538
Patrick Anthony Keenan Chief financial officer 1 Jan 2005 Other 1803525
Mark David Goldstein General counsel, senior vice president 1 Feb 2005 Other 3063669
Llc Asba Employee Partners Member 1 Aug 2007 Other 26-1423692
Llc Feim Employee Partners Member 1 Aug 2007 Other 26-1423692
Bridget Ann Macaskill President, chief operating officer, director 1 Feb 2009 Other 1207158
Bridget Ann Macaskill President, chief executive officer, director 1 Feb 2010 Other 1207158
Adam Brett Joffe Chief financial officer 1 Aug 2010 Other 2413671
Katherine Lynn Perkins Chief financial officer 1 Feb 2013 Other 1496363
Albert Pisano Chief compliance officer 1 Jun 2014 Other 1658886
Mehdi Asif Mahmud President, chief executive officer 1 Mar 2016 Other 3041637
David Oconnor General counsel, senior vice president 1 Jan 2017 Other 5077118

Indirect Owners

The SEC currently registers 31 indirect owners.

Name Entity Date acquired Ownership Employer ID
Anna Marie Kellen Stockholder 1 Jul 1946 25% - 50% 1479315
Lp Ta Associates General partner 1 Aug 2007 Other 04-3205751
Lp Ta X Shareholder, preferred convertible common stock 1 Aug 2007 75% - 100% 20-4529991
Michael Max Kellen Shareholder 1 Jan 2010 25% - 50% 1070538
Corsair Iv Management L.P. General partner 1 May 2010 Other 98-1088975
Ltd. Corsair Capital Group General partner 1 Dec 2010 Other foreign
Dharma Teja Ignacio Jayanti Shareholder 1 Dec 2010 50% - 75% 2633264
Ta Associates Us Holdings Corp. General partner 1 Feb 2012 Other 45-4498821
Evan Mervyn Davies Limited partner 1 Mar 2012 25% - 50% 6050243
Llc Mclennan Family Estate Trust Member 1 Jan 2013 25% - 50% 36-7622758
Matthew B Mclennan Manager 1 Jan 2013 75% - 100% 2526683
Bcp Cc Holdings L.P. Shareholder 1 Dec 2015 50% - 75% 47-5444885
Blackstone Capital Partners Vi L.P. Limited partner 1 Dec 2015 25% - 50% 26-2855384
Corsair Mentor L.P. Limited partner 1 Dec 2015 25% - 50% 98-1253488
Corsair Mentor Investors L.P. Limited partner 1 Dec 2015 75% - 100% 98-1253354
Corsair Mentor Management L.P. General partner 1 Dec 2015 Other 98-1253338
Corsair Capital Llc General partner 1 Dec 2015 Other 20-4293848
Blackstone Management Associates Vi Llc General partner 1 Dec 2015 Other 26-1971725
Bma Vi Llc Sole member 1 Dec 2015 75% - 100% 26-1971291
Blackstone Holdings Iii L.P. Managing member 1 Dec 2015 50% - 75% 26-0450202
Blackstone Holdings Iii Gp L.P. General partner 1 Dec 2015 Other 26-0288893
Blackstone Holdings Iii Gp Management Llc General partner 1 Dec 2015 Other 26-0269478
The Blackstone Group L.P. Sole member 1 Dec 2015 75% - 100% 20-8875684
Maximillian Management Llc Shareholder 1 Dec 2015 75% - 100% 20-0844884
The Blackstone Group Inc. Sole member 1 Dec 2015 75% - 100% 20-8875684
Bcp Cc Holdings Gp L.L.C. General partner 1 Dec 2015 Other 47-5459605
L.P. Corsair Partners Mentor Management General partner 1 Dec 2015 Other 98-1289747
Corsair Iv Financial Services Capital Partners L.P. Member 1 Dec 2015 50% - 75% 27-2448789
L.P. Corsair Capital Sole member 1 Jan 2018 75% - 100% foreign
Vayu Investors Llc Limited partner 1 Jan 2018 25% - 50% 82-4399914
Dharma Teja Ignacio Jayanti Sole member 1 Jan 2018 75% - 100% 2633264

Based in New York

The principal office where First Eagle Investment Management, LLC performs its advisory services is located at 1345 Avenue Of The Americas, New York, NY 10105 0048, which is also the mailing address of the firm. An additional office of the firm is in Baltimore, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-698-3300 or by fax 646-304-5602. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at feim.com and its LinkedIn profile.


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