New York Life Investments

New York Life Investments
Formerly
 MainStay Investments
Private
Industry Investment Management
Founded Jersey City, New Jersey (1986 (1986))
Headquarters Jersey City, New Jersey, United States
Products Asset Management
Revenue $561 billion USD (07/31/2018)
Website www.nylinvestments.com

New York Life Investments is a U.S. investment management company based in Jersey City, New Jersey. Founded in 1986, New York Life Investment's parent company is New York Life Insurance Company, the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world, ranking #69 on the 2018 Fortune 500 list.[1]

New York Life Investments offers investors access to institutional money management through its mutual funds, exchange-traded funds (ETFs), separately managed accounts, and non-traditional strategies. New York Life Investments has over $561 billion USD in assets under management.[2]

History

Founded in 1986, New York Life Investments provides investment advisory services to financial advisors and their clients. An independent subsidiary of New York Life Insurance Company, over the years New York Life Investments has added to its boutique of investment advisors. This includes MacKay Shields (acquired by New York Life in 1984),[3] Markston International, LLC (1999),[4] New York Life Fixed Income Advisors (2004),[4] Winslow Capital Management (2005), Epoch Investment Partners (2006),[5] MacKay Municipal Managers (2009), Cornerstone Capital Management (2013),[6] Cushing Asset Management (2014),[7] and IndexIQ (2015).[8]

References

  1. ↑ "Fortune 500 2018: New York Life #69".
  2. ↑ "AUM includes assets of Investment Advisors affiliated with New York Life Insurance Company as of July 31, 2018. AUM for Candriam and Ausbil is reported at the spot rate".
  3. ↑ "MacKay Shields Company History".
  4. 1 2 "MainStay Multi-boutique Investment Management".
  5. ↑ "MainStay Acquires $750 Million in Epoch Mutual Funds".
  6. ↑ "New York Life to Acquire a Minority Stake in Cornerstone Capital Management".
  7. ↑ "MainStay Investments and Cushing® Asset Management LP to Partner on Master Limited Partnership and Energy-Related Mutual Funds".
  8. ↑ "New York Life buys IndexIQ to expand liquid alts offering, add hedge fund ETFs".
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