Sovereign Research Analyst
What we do:
First Eagle is an independent, privately owned investment management firm headquartered in New York with approximately $109 billion in assets under management (as of 9/30/21). Dedicated to providing prudent stewardship of client assets, the firm focuses on active, fundamental, benchmark-agnostic investing, with a strong emphasis on downside protection. Over a long history dating back to 1864, First Eagle has helped its clients avoid the permanent impairment of capital and earn attractive returns through widely varied economic cycles—a tradition that is central to its mission today. The firm’s investment capabilities include equity, fixed income, private credit and multi-asset strategies.
What drives us:
At First Eagle, clients come first, always. To deliver on this commitment, it is incumbent upon us to nurture an environment that both attracts, develops and retains a talented, inclusive workforce, and inspires each of our employees to do their life’s best work on behalf of our clients. Inherent in this dynamic is a culture that promotes equality, diversity and respect and holds every member of the organization to the highest standards of integrity and accountability.
Who we are looking for:
First Eagle is seeking a Research Analyst who can provide fundamental analysis and research on sovereigns including their macroeconomic outlook, quality of institutions, fiscal and monetary policies, and the economy’s vulnerability to stress. The role entails the following responsibilities, and the successful candidate will have the following qualifications.
What you will do:
- Conduct research on a portfolio of sovereigns (developed and emerging) to inform on the economic outlook, to derive potential investment opportunities, and to provide analysis for our equity colleagues
- Support the team’s currency hedging program by providing insight into global currency valuations and conducting econometric analysis
- Assist in the management of a large portfolio of commercial paper and other short-duration fixed income instruments
- Help maintain the sovereign team’s global economic databases and assist in developing a global view and client presentations
- Conduct research projects in areas of interest for Portfolio Managers
- Meet with policymakers in various countries to evaluate country fundamentals and assess investment opportunities
- Represent First Eagle at investment presentations, conferences and discussions
The qualities you should have:
- Undergraduate degree in finance, economics or related field required; Advanced degree (MBA, MA, PhD) preferred, but not required
- 1-3 years of related experience
- Strong understanding of economic concepts and passion for digging through economic documents and data
- Experience with sovereign risk analysis preferred
- Strong quantitative, analytical, and financial modeling abilities
- Proficiency with Bloomberg, Excel, and PowerPoint; experience with programming languages preferred (i.e., R, Stata, Eviews, Python)
- Investment style consistent with First Eagle’s approach, including long-term investment horizon, absolute return focus and aversion to permanent capital loss
- Collaborative work style, teamwork oriented
- Self-starter, flexible, experience in problem-solving, well organized, highly dependable, efficient and detail oriented, curious, comfortable navigating ambiguity
- Contrarian mindset, willing to go beyond what policymakers tell them and dig deeper
First Eagle Investment Management, LLC (FEIM) is an Affirmative Action and Equal Opportunity Employer. Equal Employment Opportunity has been, and will continue to be, a fundamental principle at FEIM, where employment is based upon personal capabilities and qualifications without regard to race, color, religious belief, including dress and grooming practices, sex, sexual orientation, gender identity, gender expression, age, national origin, marital status, citizenship, disability, veteran status, pregnancy, breastfeeding or medical conditions related to breastfeeding, status as a victim of domestic violence, sexual assault, or stalking, or any other basis protected by applicable federal, state or local law, genetic information or characteristics (or those of a family member), or any other protected characteristic as established by law.