First Eagle Investments won Equity manager of the year for its disciplined, resilient, and differentiated global value strategy.

Since its inception in 1979, the platform has delivered positive absolute returns in 21 of the past 25 years and has never recorded a negative return over any rolling five-year period.

Designed around the principle of investing with a "margin of safety," the approach emphasises high-quality businesses at prudent valuations while maintaining a consistently lower volatility profile and strong downside capture. First Eagle also stands out for its strategic allocation to gold, that has helped protect portfolios across multiple crises.

Recent performance underscores this strength: in the July–August 2024 downturn, the strategy fell just 3.9% versus the MSCI World Index's 8.2% drop, and in Q1 2025 it returned 7.0% against the benchmark's -1.8%. With an average holding period of 9.4 years, First Eagle avoids short-term speculation, focusing instead on long-term resilience and capital preservation.

Its $110bn platform and deep insurance expertise make it an ideal partner for insurers working through inflation, changing regulation, and volatile markets.