First Eagle Investment Management Partners with Boston College’s Center for Retirement Research

Business Wire

NEW YORK--(BUSINESS WIRE)-- First Eagle Investment Management (“First Eagle”) is pleased to announce a multi-year partnership with Boston College’s Center for Retirement Research (CRR). Their objective is to work together to develop actionable insights and tools for plan sponsors and financial advisors to use when helping retirement savers reach their goal of living a dignified life throughout retirement.

“Lack of preparedness for a comfortable retirement, including the shortfall in adequate retirement savings, is one of our country’s biggest social problems,” said Mehdi Mahmud, CEO and president of First Eagle Investment Management. “We believe that First Eagle’s philosophy—a focus on investing prudently over the long-term with an emphasis on downside protection—can help those saving for retirement at all stages of their financial lives. Through our partnership with CRR, we hope to develop awareness, insights and solutions that can help sponsors and advisors, as well as policy makers, address the challenges retirement savers face.”

Michael Rosenberg, Head of Retirement Investment Solutions at First Eagle Investment Management said, “We are honored to partner with the prestigious Center for Retirement Research. The decades of research from CRR, coupled with First Eagle’s insights from our relationships with leading plan sponsors and advisors in the country, will provide a platform for the development of practical tools that can help bring retirement savers closer to achieving their goals.”

“We are delighted to be working with First Eagle and appreciate its commitment to addressing the many retirement challenges facing Americans today,” commented Alicia H. Munnell, CRR’s director. “Our different, but complementary, perspectives will produce unique insights, and we look forward to a fruitful partnership.”

Initially, CRR and First Eagle will collaborate and publish a series of wide-ranging papers that explore key challenges that retirement savers face in the years leading up to and while in retirement. Topics will address how different workers save in their company-sponsored retirement plans, what affects spending in retirement, and the impact of healthcare expenses for different segments of the retiree population.

In addition, First Eagle and CRR plan to leverage their respective strengths and capabilities to develop a customized, interactive platform that plan sponsors, financial advisors and plan participants can use to establish goals, project key milestones, and take positive action on the journey towards a secure retirement. Combined with specific plan features and aggregated participant data, this solution should be an effective avenue for plan sponsors to increase engagement of their participants as they save for retirement.

About the Center for Retirement Research

The mission of the Center for Retirement Research at Boston College is to produce first-class research and educational tools and forge a strong link between the academic community and decision-makers in the public and private sectors around an issue of critical importance to the nation’s future. To achieve this mission, the Center sponsors a wide variety of research projects, transmits new findings to a broad audience, trains new scholars, and broadens access to valuable data sources. Since its inception in 1998, the Center has established a reputation as an authoritative source of information on all major aspects of the retirement income debate.

About First Eagle Investment Management

First Eagle Investment Management is an independent, privately-owned investment management firm headquartered in New York with approximately $119 billion* in assets under management (as of December 31, 2017). Dedicated to providing prudent stewardship of client assets, the firm focuses on active, fundamental and 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 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, alternative credit and multi-asset strategies. For more information, please visit www.feim.com.

*Includes $5 billion in AUM from its affiliate NewStar Financial.