General Investing >> Money Manager Interviews >> May 6, 2016

Using Asset-Class Flexibility and Downside Protection to Generate Income

Caputo, Giorgio
Giorgio Caputo is a Research Analyst and Portfolio Manager for First Eagle Investment Management. He joined First Eagle’s Global Value team in September 2009. Mr. Caputo is a research analyst covering integrated oil distributors, building products, packaging, restaurants and delivery services. In addition to his senior research analyst role, Mr. Caputo became a portfolio manager on the Global Income Builder Fund in 2012, along with Rob Hordon, Ed Meigs and Sean Slein. Mr. Caputo began his career in 1996 as a quantitative analyst in the Equity Derivatives Group at Lehman Brothers. After receiving his MBA in 2002, he joined the investment banking division of Credit Suisse First Boston, where he executed leveraged finance transactions and provided mergers and acquisitions advice for industrial and services businesses, and was part of the firm’s M&A Takeover Defense team. Most recently, Mr. Caputo was a managing director and industry generalist at JANA Partners, LLC, where he pursued a value-oriented strategy investing across the capital structure in both equity and credit instruments. He serves on the Departmental Disciplinary Committee of the First Judicial Department of the New York State Supreme Court, Appellate Division. Mr. Caputo received a B.S in Engineering from Princeton University and an MBA from Columbia Business School. He is fluent in both German and Italian. Profile
Slein, Sean
Sean Slein, CFA, is Co-Head of the High Yield Team and Portfolio Manager of the First Eagle High Yield and Global Income Builder Funds at First Eagle Investment Management, LLC. He joined First Eagle Investment Management in October 2011. Prior to joining the firm, Mr. Slein was a portfolio manager of the Dwight High Yield strategy at Dwight Asset Management Company, LLC, where he focused on high yield opportunities in the forest products/packaging, transportation and services sectors. Previously, he spent two years as a fixed income analyst in the private placement department of Allstate Insurance Company. Mr. Slein began his career on the floor of the Chicago Mercantile Exchange as an options strategist with Discount Corporation of New York Futures. He received his B.A. from the University of Notre Dame and his MBA from the University of Chicago. He holds the Chartered Financial Analyst designation. Profile
TWST: To get started, maybe we can go over the three tenets of your Global Income Fund, the asset-class flexibility, the global range and then the focus on the downside protection. So why