First Eagle Investment Management today is trumpeting the five-year anniversary of the First Eagle High Yield Fund (FEHIX).

With $668 million in assets as of the end of November, the fund has returned 13% annually since it was launched in November 2007 at Dwight Asset Management. Portfolio managers Ed Meigs and Sean Slein and their team of analysts left Dwight Asset Management, an Old Mutual affiliate, for First Eagle last October.

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