NEW YORK–(BUSINESS WIRE)–In recognition of its ongoing effort to promote economic empowerment through financial literacy, First Eagle Investments (“First Eagle”) will be honored by Working in Support of Education (“W!se”) at its fundraising gala on June 22, 2023.
Financial literacy has been shown to be a key contributor to the fiscal wellbeing and socioeconomic mobility of individuals and families in the United States, but research points to an ongoing decline in the population’s financial knowledge. To help address this troubling trend, First Eagle in 2021 established collaborative partnerships with a range of educational nonprofits through its First Eagle Investments Foundation. These included New York-based W!se, which seeks to improve the lives of young people and at-risk adults through programs that develop financial literacy and readiness for college and the workforce, targeting low- to moderate-income communities in particular.
“At First Eagle, we believe that the general lack of financial literacy in America is an underrecognized issue intricately associated with a number of the country’s social problems,” said Mehdi Mahmud, President and Chief Executive Officer of First Eagle. “We think First Eagle, and the financial services industry more broadly, is well-positioned to help. We are proud to support W!se in its critical efforts and are honored to be recognized by the organization.”
“First Eagle’s relationship with W!se is a cornerstone of our Corporate Social Responsibility program and reflects our firmwide commitment to exerting a positive influence on the communities in which we live and work, the industry in which we operate and the world at large,” said Melanie Dow, Chief Administrative Officer of First Eagle. “Given the principles that guide us as a global asset manager, promoting financial literacy is more than a pledge. It’s an obligation.”
About First Eagle Investments
First Eagle Investments is an independent, privately owned investment management firm headquartered in New York with approximately $129 billion in assets under management as of March 31, 2023.1 Dedicated to providing prudent stewardship of client assets, the firm focuses on active, fundamental and benchmark-agnostic investing, with a strong emphasis on downside mitigation. With a heritage dating back to 1864, First Eagle strives to help clients avoid permanent impairment of capital and earn attractive returns through widely varied economic cycles. The firm’s investment capabilities include equity, fixed income, alternative credit and multi-asset strategies. For more information, please visit www.firsteagle.com.
First Eagle Investments is the brand name for First Eagle Investment Management, LLC and its subsidiary investment advisers.
© 2023 First Eagle Investment Management, LLC. All rights reserved.
1 The total AUM represents the combined AUM of First Eagle Investment Management, LLC and its subsidiary investment advisers as of 31 March 2023. It includes $1.0 billion of committed and other non-fee-paying capital from First Eagle Alternative Credit, LLC and $1.2 billion of committed and other non-fee-paying capital from Napier Park Global Capital, inclusive of assets managed by Regatta Loan Management LLC.
Contacts
Media
First Eagle Investments
Pholida Barclay
212-698-3208
pholida.barclay@firsteagle.com
Mount & Nadler
Hedda Nadler/Andrew Greene
212-759-4440
Hedda@mountandnadler.com
Andrew@mountandnadler.com
