First Eagle eyes $500bn AUM

First Eagle eyes $500bn AUM

First Eagle Investments, the Genstar Capital-backed asset manager, is preparing to embark on an aggressive acquisition strategy as it sets its sights on reaching $500bn in AUM within five years, according to a report by Bloomberg. The New York-based firm, which currently oversees approximately $152bn, plans to complete up to four acquisitions annually over the period, according to CEO Mehdi Mahmud. Speaking in a recent interview, Mahmud said the…