NEW YORK, November 06, 2023--First Eagle Investments ("First Eagle") today announced the hiring of Frank Riccio, CFA, in the new role of Senior Portfolio Manager. Riccio brings with him extensive experience in the high-yield muni market, having previously worked at Nuveen. The long-time high-yield muni manager left Nuveen in April when the firm settled a contentious lawsuit with Preston Hollow.
This hiring comes as part of First Eagle's ongoing efforts to bolster its team and expand its capabilities. With Riccio's expertise, the firm aims to further enhance its high-yield municipal credit strategies. First Eagle has been actively seeking qualified professionals who can help them achieve their investment objectives.
First Eagle Investments is an independent, privately owned asset management firm dedicated to serving the needs of individuals and institutions. The firm focuses on long-term value investing and risk management, aiming to protect and grow clients' capital over time. With this new hire, First Eagle is strengthening its commitment to providing exceptional investment solutions.
The addition of Frank Riccio to First Eagle's team is a significant move for the firm. Riccio has a proven track record of success in the high-yield muni market and brings a wealth of knowledge and expertise to his new role. His appointment is expected to bolster First Eagle's position in the market and help them deliver strong results for their clients.
First Eagle Investments has also recently established a new High Yield Municipal Credit team, further demonstrating their commitment to this area of the market. The firm recognizes the potential of high-yield municipal bonds as an attractive investment opportunity and aims to capitalize on it with a dedicated team.
In addition to expanding its team, First Eagle has appointed Allison Shaw as Managing Director and Global Head of Consultant Relations. Shaw's role will involve strengthening relationships with consultants and ensuring that First Eagle's investment strategies are effectively communicated and understood by clients.
First Eagle Investments has been actively engaged in the financial industry, continuously evolving its strategies and exploring new opportunities. The firm remains focused on deliver value to its clients and achieving long-term success.
