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First Eagle Gold Fund Class I (FEGIX)

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30.11 +0.32    +1.07%
00:00:00 - Delayed Data. Currency in USD
Type:  Fund
Market:  United States
Issuer:  First Eagle
Asset Class:  Equity
  • Morningstar Rating:
  • Total Assets: 1.65B
First Eagle Gold I 30.11 +0.32 +1.07%

First Eagle Gold Fund Class I Overview

 
On this page you'll find an in-depth profile of First Eagle Gold Fund Class I. Learn about the key management, total assets, investment strategy and contact information of FEGIX among other information.
Category

Equity Precious Metals

Total Assets

1.65B

Expenses

0.94%

Inception Date

37756

Investment Strategy

The investment seeks to provide investors the opportunity to participate in the investment characteristics of gold for a portion of their overall investment portfolio. To achieve its objective of providing investors the opportunity to participate in the investment characteristics of gold, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in gold and/or securities directly related to gold or issuers principally engaged in the gold industry, including securities of gold mining finance companies as well as operating companies with long-, medium- or short-life mines. The fund is non-diversified.

Contact Information

Address 1345 Avenue of the Americas
New York,NY 10105
United States
Phone +1 8003342143

Top Executives

Name Title Since Until
Max Belmont - 2021 Now
Thomas Kertsos - 2016 Now
Biography Thomas Kertsos joined First Eagle Investment Management, LLC in May 2014 and is also a member of the First Eagle Global Value analyst team. Prior to that, Mr. Kertsos worked as an analyst at Fidelity Management & Research.
Matthew B. McLennan Co-Head 2013 2023
Biography Matthew McLennan is co-head of the Global Value team and a portfolio manager of the Global Value, Global Equity, International Value, International Equity and US Value strategies. Prior to joining First Eagle in September 2008, Matt worked for Goldman Sachs Asset Management in London, where he served as co-portfolio manager of Global Equity Partners, a group he co-founded in 2003 that ran a focused global equity portfolio for offshore private wealth clients. Earlier in his career, Matt was equity chief investment officer of the investment strategy group for Goldman Sachs’ private client business. He joined Goldman Sachs in Sydney in 1994. Matt started his career in 1991 in Brisbane, Australia, with the Queensland Investment Corporation and was ultimately responsible for the firm’s international equity exposure. He was born in Rabaul, Papua New Guinea, and grew up in Queensland, Australia. He received his bachelor of commerce with first-class honors and master of international commercial law from the University of Queensland, and he holds the Chartered Financial Analyst designation. Matt is interested in the field of education, and he is a trustee (and former president of the Board of Trustees) of the Trinity School in New York City. He serves on the Board of Dean’s Advisors of the Harvard T.H. Chan School of Public Health and as a board member of the University of Queensland in the United States of America. He also serves on the Advisory Council of the Institute on the Formation of Knowledge at the University of Chicago and is a board member of the Library of America.
Rachel Benepe Portfolio Manager 2009 2013
Biography Benepe has managed Gold Fund with Messrs. Eveillard and Deshpande since February 2009. She joined the Adviser in April 2008 and in addition to her management of Gold Fund is a member of the First Eagle Global Value analyst team. For the five years prior to that Benepe was a research analyst with other value fund firms.
Chris Kwan Investment Adviser 2011 2012
Biography Mr. Chris Kwan recently joined First Eagle Investment Management, LLC, investment adviser to the First Eagle Funds, after serving as a Managing Director and leading U.S. Global Mining Sales at BMO Capital Markets since 2009. Prior to that, he was Director, Global Mining Sales at RBC Capital Markets since 2004
Abhay Deshpande CIO (Chief Investment Officer) 2009 2012
Biography Abhay Deshpande founded Centerstone Investors and serves as the Chief Investment Officer. He has many years of experience researching and investing in businesses globally. Prior to establishing Centerstone, Mr. Deshpande was a Portfolio Manager at First Eagle Investment Management, advisor to the Global and Overseas strategies that comprised the vast majority of the firm’s billions in assets under management. During his 15-year tenure, his responsibilities included hiring and training analysts along with leading the research team during times of market turbulence. He spearheaded the research efforts during both the 2001 technology and 2008 credit crises, and in both cases his direct efforts helped clients minimize losses, and ultimately thrive, during his career at First Eagle. Previously, Mr. Deshpande was a Research Analyst with Harris Associates and International and Global products. He also was an Analyst for Morningstar responsible for following a variety of International mutual funds. He began his career at a boutique investment advisor in Louisville, KY. Mr. Deshpande holds a BS in Finance from the University of Louisville. He is a CFA Charterholder and a member of the New York Society of Security Analysts.
Jean-Marie Eveillard Portfolio Manager 2007 2009
Biography Jean-Marie Eveillard is Senior Adviser to the First Eagle Investment Management, LLC Global Value and International Value strategies. He started his career in 1962 with Société Générale before relocating to the United States in 1968. Two years later, Jean-Marie began as an analyst with the SoGen International Fund. In 1979, he was appointed Portfolio Manager of the SoGen International Fund, later named the First Eagle Global Fund. From 1993–2004, Jean-Marie was the Lead Portfolio Manager for all of ASB’s Global Value strategies. He left these duties on December 31, 2004 but continued to serve as a Senior Adviser to the Global Value team, and returned as Lead Portfolio Manager and head of the team in 2007 and part of 2008, until Matt McLennan became head of the team in September 2008. Jean-Marie became a Senior Adviser to the Global Value team in March 2009. Jean-Marie was named Morningstar’s International Manager of the Year in 2001, and in 2003 received a Lifetime Achievement Award from Morningstar for building one of the most successful long-term records in the investment business. Born in Poitiers, France in 1940, he is a graduate of Écoles des Hautes Études Commerciales, a French graduate school for economic studies.
Simon Fenwick Research Analyst, Founding Partner 2005 2007
Biography Simon Fenwick is a Founding Partner of International Value Advisers, LLC and serves as a Research Analyst for the firm. Simon Fenwick has many years experience as an investment analyst, the past five working at the First Eagle Funds, owned by Arnhold & S. Bleichroeder Advisers, LLC (ASB). At ASB, he was a Senior Vice President working under Charles deVaulx and Jean-Marie Eveillard within the Global Value Group. At the First Eagle Funds, Simon was Co-Portfolio Manager of the First Eagle Gold Fund, a position shared with Jean-Marie Eveillard. Simon was responsible for all facets of portfolio management for the Gold Fund, including idea generation, in-depth research and stock selection. He also was responsible for supervising analyst and trading functions, monitoring tax and regulatory issues affecting the fund, and performing external fund marketing. In addition to co-managing the Gold Fund, Simon was a Senior Analyst for the value funds, including the First Eagle Overseas, Global, and U.S. Value Funds as well as the offshore funds including the Sofire Fund Ltd. He was responsible for covering the Industrial, Food and Beverage, and Mining and Utility sectors on a global basis. He also oversaw research of a number of smaller Japanese equities; many of these positions were subsequently sold having reached their intrinsic values. Prior to joining the First Eagle Funds, Simon worked for 10 years as an investment analyst in both Australia and the United Kingdom, covering the mining and industrial sectors. Simon has Bachelor of Economics and Bachelor of Commerce degrees from the University of Queensland and completed his post-graduate studies with the Securities Institute of Australia. He also completed the Registered Person Examination as conducted by the SFA in London.
Charles de Vaulx Portfolio Manager 1999 2007
Biography Charles de Vaulx joined the International Value Advisers, LLC in 2008 as a partner and portfolio manager. Mr. de Vaulx also serves as Chief Investment Officer of the International Value Advisers, LLC. Mr. de Vaulx, along with Charles de Lardemelle, is responsible for the day-to-day portfolio management of both Funds. Mr. de Vaulx has managed both Funds since their inception. Until 2007, Mr. de Vaulx was portfolio manager of the First Eagle Global, Overseas, U.S. Value, Gold and Variable Funds, together with a number of separately managed institutional accounts. From 2000 to 2004, he was co-portfolio manager of the First Eagle Funds. Mr. de Vaulx was named associate portfolio manager of the First Eagle Funds in 1996. In 1987, he joined the SoGen Funds, the predecessor to the First Eagle Funds, as a securities analyst. Mr. de Vaulx began his career at Societe Generale Bank as a credit analyst in 1985.
Jean-Marie Eveillard Portfolio Manager 1993 2004
Biography Jean-Marie Eveillard is Senior Adviser to the First Eagle Investment Management, LLC Global Value and International Value strategies. He started his career in 1962 with Société Générale before relocating to the United States in 1968. Two years later, Jean-Marie began as an analyst with the SoGen International Fund. In 1979, he was appointed Portfolio Manager of the SoGen International Fund, later named the First Eagle Global Fund. From 1993–2004, Jean-Marie was the Lead Portfolio Manager for all of ASB’s Global Value strategies. He left these duties on December 31, 2004 but continued to serve as a Senior Adviser to the Global Value team, and returned as Lead Portfolio Manager and head of the team in 2007 and part of 2008, until Matt McLennan became head of the team in September 2008. Jean-Marie became a Senior Adviser to the Global Value team in March 2009. Jean-Marie was named Morningstar’s International Manager of the Year in 2001, and in 2003 received a Lifetime Achievement Award from Morningstar for building one of the most successful long-term records in the investment business. Born in Poitiers, France in 1940, he is a graduate of Écoles des Hautes Études Commerciales, a French graduate school for economic studies.
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