PROFILE
George Soros worked at Arnhold and S. Bleichroder between 1963 and 1973. He wanted to use his theory of reflexivity in investing, and convinced his employer to create an investment fund, First Eagle, for him to run in 1967. In 1969, the company set up the Double Eagle hedge fund for Soros. He resigned in 1973 to begin what would become the famous Quantum Fund.[1]
Jean-Marie Eveillard began managing the First Eagle funds in 1979. Using a value investing methodology, his consistent outperformance gained fame and enormous assets for the fund. As of October 2009, the First Eagle Global Fund manages almost $20b in assets. Eveillard managed the funds from 1979-2004, and 2007-2009. Matthew McLennan is the current manager of the Global, Overseas and U.S. Value funds.
Since inception, the First Eagle Global fund has outperformed the MSCI World Index by 5% per year on average. [2]
SHAREHOLDER LETTERS
How We Think About Risk – September 2009
Views on the Economic Crisis – June 2009
Gold: First Eagle’s Insurance Policy – March 2009
MEDIA
Even Temperament – Value Investor Insight, June 2009
Global Value-Oriented Equity Investing – The Wall Street Transcript, November 2008
Staying Power: Jean-Marie Eveillard – Graham and Doddsville, Winter 2007/2008
A Bull for Bullion – Business Week, November 2007
VIDEOS
Tips from a Market Legend – Fox Business, August 2009
Beating the Markets – CNBC, June 2008
