First Eagle gives wing to small-cap equity team with liftout from Royce
Bill Hench
First Eagle Investment Management lifted out four people from Royce Investment Partners to establish its new small-cap equity investment team, spokeswoman Hedda Nadler confirmed in an email.
Bill Hench will lead the new small-cap team as portfolio manager,
Suzanne Franks and
Adam Mielnik is a senior research analyst.
The team is based in New York, and Mr. Hench will report to
Mehdi Mahmud, president and CEO.
At Royce Investment, Mr. Hench was lead portfolio manager of the small-cap opportunistic value equity strategy, Ms. Franks and Mr. Kosowsky were assistant portfolio managers, and Mr. Mielnik was a senior analyst. Royce spokeswoman Stacey Coleman confirmed that
Portfolio Manager Boniface Zaino to Lead Team Managing Royce Opportunity Fund
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NEW YORK, April 20, 2021 /PRNewswire/ Royce Investment Partners ( Royce ) announced today that Boniface Buzz Zaino will lead the portfolio management team of Royce Opportunity Fund, as well as the firm s other portfolios that are managed with the unique opportunistic value strategy that he developed. Although Mr. Zaino transitioned from Portfolio Manager to Senior Advisor on the strategy in October 2018, he has remained actively engaged in the Strategy s portfolios in the interim. Three Portfolio Managers will join the new investment team being led by Mr. Zaino: James P. Stoeffel and Brendan J. Hartman, who also manage Royce Micro-Cap Fund, and James Harvey, who spent a decade as an analyst with Mr. Zaino working directly on the Opportunity strategy.