Misplaced Pages

New York Life Investment Management LLC

Formerly	MainStay Investments
Company type	Subsidiary
Industry	Investment Management
Founded	1986; 38 years ago (1986)
Headquarters	Jersey City, New Jersey, U.S.
Key people	Naïm Abou-Jaoudé (CEO)
Products	Asset Management
AUM	US$674 billion (March 31, 2023)
Parent	New York Life Insurance Company
Website	www.newyorklifeinvestments.com

New York Life Investment Management LLC 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 #71 on the 2023 Fortune 500 list.

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 $674 billion USD in assets under management.

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), Markston International, LLC (1999), New York Life Fixed Income Advisors (2004), Winslow Capital Management (2005), Epoch Investment Partners (2006), MacKay Municipal Managers (2009), Cornerstone Capital Management (2013), Cushing Asset Management (2014), and IndexIQ (2015).

The Mainstay brand was launched in 1986 shortly after MacKay Shields, first offered to retail and then to institutional investors in 1991.

In 2015, the acquisition of IndexIQ introduced liquid alternative investment exchange-traded funds to its product offerings.

In 2024, New York Life announced that its Mainstay and IndexIQ funds would be renamed to reflect the New York Life brand, with the names of funds beginning with NYLI.

References

1. "MainStay Funds webpage information footnote".
2. "Fortune 500 2018: New York Life #69".
3. "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".
4. "MacKay Shields Company History".
5. ^ "MainStay Multi-boutique Investment Management".
6. "MainStay Acquires $750 Million in Epoch Mutual Funds". Archived from the original on 2015-09-24. Retrieved 2015-01-09.
7. "New York Life to Acquire a Minority Stake in Cornerstone Capital Management".
8. "MainStay Investments and Cushing® Asset Management LP to Partner on Master Limited Partnership and Energy-Related Mutual Funds". 7 April 2014.
9. "New York Life buys IndexIQ to expand liquid alts offering, add hedge fund ETFs". 21 October 2014.
10. ^ "Our History | New York Life Investments". www.newyorklifeinvestments.com. Retrieved 2024-10-25.
11. "New York Life Investments Announces Renaming of its MainStay and IndexIQ Fund Lineup". www.newyorklifeinvestments.com. Retrieved 2024-10-25.

External links

• IndexIQ ETFs
• MainStay Funds
• Investment Insights

v t e Major asset management companies
Americas Canada Brookfield CI Financial CC&L Fiera Capital Guardian Capital Group Mackenzie Investments Manulife Mawer Power Financial Sun Life Financial USA Affiliated Managers Group AllianceBernstein Allspring Ameriprise Financial BlackRock BNY Investments Capital Group Charles Schwab Columbia Threadneedle Dimensional Dodge & Cox Edward Jones Federated Hermes Fidelity Investments Franklin Templeton Geode Capital Invesco MFS New York Life Investments Neuberger Berman NISA Northern Trust Nuveen PGIM Principal PIMCO State Street Global Advisors T. Rowe Price Vanguard Group Wellington Management EMEA France Amundi AXA Investment Managers BNP Paribas Asset Management Ostrum Asset Management Germany Allianz Global Investors DWS Group Union Investment Universal Investment Italy Anima Holding ARCA Fondi SGR Assicurazioni Generali Azimut Holding Eurizon Capital South Africa Allan Gray Coronation Fund Managers Ninety One UK Abrdn Aviva Investors Baillie Gifford Insight Investment Janus Henderson Legal & General Man Group Newton Investment Management M&G Royal London Asset Management Schroders Others Aegon Fidelity International GAM Robeco Asia Pacific Australia AMP Capital Challenger First Sentier Investors IFM Investors Magellan Financial Group Perpetual Pinnacle China Bosera Asset Management China Asset Management China Southern Asset Management China Universal Asset Management E Fund Management Fullgoal Fund Management Harvest Fund Management ICBC Credit Suisse Asset Management Penghua Fund Management Tianhong Asset Management Zhong Ou Asset Management India Aditya Birla Sun Life Asset Management Axis Mutual Fund ICICI Prudential Mutual Fund Kotak Mutual Fund SBI Mutual Fund UTI Asset Management Japan Asset Management One Mitsubishi UFJ Trust and Banking Corporation SPARX Group Sumitomo Mitsui Trust Holdings Korea Mirae Asset Financial Group Samsung Asset Management Shinhan Asset Management Others Eastspring Investments
Methodology: By AUM Category List

• Investment management companies of the United States
• American companies established in 1986
• Financial services companies established in 1986
• 1986 establishments in New Jersey
• New York Life Insurance Company