New York Life Investments

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
FormerlyMainStay Investments
TypePrivate
IndustryInvestment Management
Founded1986 (1986)
Jersey City, New Jersey, U.S.
HeadquartersJersey City, New Jersey, U.S.
Key people
Yie-Hsin Hung, CEO
ProductsAsset Management
Revenue$561 billion USD (07/31/2018)
Websitewww.newyorklifeinvestments.com

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

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