Centerstone Investors LLC, an employee-owned asset management firm, has been launched in New York City by Abhay Deshpande, former portfolio manager at First Eagle Investment Management.

Deshpande, founder, owner and chief investment officer of Centerstone, co-managed $94 billion in assets at First Eagle, which is also  in New York City.

Centerstone will initially offer two value-oriented strategies to retail and institutional investors that will be available in mutual fund and institutional separate account vehicles, the firm announced.

The strategies include the Centerstone global multiasset strategy, focused on investing in both U.S. domestic and foreign assets, that is employed by the Centerstone Investors Fund (CENTX). The related strategy, the Centerstone international strategy, is focused on investing in markets outside the U.S. and is utilized by the Centerstone International Fund (CINTX).