MutualFundWire.com: Arnhold and S. Bleichroeder's New Name Takes Flight
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Monday, December 07, 2009|
Arnhold and S. Bleichroeder's New Name Takes Flight
S. Bleichroeder Advisers, the New York City-based investment adviser to the First Eagle Funds, on Monday rechristened itself First Eagle Investment Management, a move that company executives said was meant to underscore their focus on asset management.
"The new name signifies our commitment to managing investments without distractions or conflicts from other lines of business," said chief executive John Arnhold in a news release.
The company exited the broker/dealer and investment banking businesses in 2002.
Company Press Release
New York, NY (December 7, 2009) Ė The firm formerly known as Arnhold and
S. Bleichroeder Advisers today announced its new corporate name: First Eagle
Investment Management. The name change is intended to reflect the firmís concentration
on asset management.
"The new name signifies our commitment to managing investments without
distractions or conflicts from other lines of business," explained John Arnhold,
Chairman and Chief Executive Officer, in making the announcement. "In 2002,
we sold our broker/dealer and investment banking businesses to focus exclusively
on investment management. Since then, we have charted a course to grow a
closely held independent firm that provides long-term, value-driven investing
for retail and institutional clients. The name change is the culmination of that
The Arnhold family and key employees are the firm's primary owners, and are
significant investors in its strategies. "This is a firm of investors, not of asset gatherers," continued Arnhold. "Our interests are closely aligned with those of our
clients, and we measure success by the same standard: long-term performance."
An independent, closely held firm, First Eagle offers benchmark-agnostic, value-oriented strategies to pension funds, corporations, foundations, endowments and
high-net-worth individuals, as well as mutual fund investors through the First Eagle Funds. Tracing its roots to 1803, the firm has preserved client capital and
delivered attractive returns through widely varied economic cycles.
In the past year, the company has grown its capabilities by expanding the institutional
sales team, and enhanced the executive management team with the
addition of Bridget Macaskill. Macaskill is perhaps best known for her top management
positions at OppenheimerFunds, where she led the organization as chief
executive officer and chairman. "I feel fortunate to have joined such an esteemed
organization at this exciting time," said Macaskill, who came to First Eagle
Investment Management as President and Chief Operating Officer in February
2009. "Given the market's recent turmoil, the firm's advantage of being independently
owned has enabled it to concentrate on its primary mission of delivering outstanding long-term performance to its clients. It is this singular focus that has
allowed First Eagle to achieve its outstanding track record," she added.
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