FPCM is an investment management firm with expertise across the global fixed income securities and derivatives markets. Founded in 2003, FPCM is a Registered Investment Advisor, with approximately $8 billion in assets under management. First Principles has offices in New York and Atlanta and a staff of approximately 25 professionals.

On September 15, 2015, First Principles was acquired by AIG, after which FPCM continues to operate as a wholly-owned subsidiary of AIG.