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 Matthew McLennan is Portfolio Manager of First Eagle Global Fund. Born in Rabaul, Papua New Guinea, Mr. McLennan grew up in Queensland, Australia, received his Bachelor of Commerce with first-class honors from the University of Queensland and holds the Chartered Financial Analyst (CFA) designation. He started his career with Queensland Investment Corporation in 1991, where he subsequently managed over one billion dollars in international equity portfolios. In 1994 Mr. McLennan joined Goldman Sachs in Sydney, where he worked for a year before moving to New York to join Goldman Sachs Asset Management’s (GSAM) U.S. Value Team as a Small Cap Research Analyst. In 1997 he was appointed Portfolio Manager and at the end of 1998, Senior Portfolio Manager and Co-Portfolio Manager of the U.S. Small Cap and U.S. Mid Cap Value strategies. In 2001 Mr. McLennan co-founded and was named Equity Chief Investment Officer of an investment strategy group for Goldman’s private client business and in 2002 became a Managing Director of the firm. In 2003 he moved to London to become Co-Founder of GSAM’s Global Equity Partners and Senior Portfolio Manager of a focused global equity portfolio for the firm’s private wealth management clients. The portfolio used a value-driven approach with an absolute return focus that emphasized low turnover, downside protection and risk aversion.
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