New York Life Investments

New York Life Investment Management
Company type
Private
IndustryInvestment Management
Founded1986 (1986)
HeadquartersNew York, New York, U.S.
Key people
Naïm Abou-Jaoudé (CEO)
ProductsAsset Management
AUMUS$800 billion (2025)[1]
ParentNew York Life Insurance Company
Websitewww.nylim.com

New York Life Investment Management is the brand name and service mark used to discuss the global asset management business of New York Life Insurance Company and that encompasses the following investment advisors: Ausbil Investment Management, Candrium, Kartesia, MacKay Shields, New York Life Investment Management LLC, NYL Investors, and Tristan Capital Partners. New York Life Insurance Company is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world, ranking #69 on the 2025 Fortune 500 list.[2]

New York Life Investment Management offers investors access to institutional money management through its mutual funds, exchange-traded funds (ETFs), separately managed accounts, and non-traditional strategies. The firm takes an active management approach to its investment solutions, serving both the general account of New York Life Insurance as well as third-party clients. New York Life Investment Management has over $800 billion USD in assets under management as of 2025.

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]

The Mainstay brand was launched in 1986 shortly after MacKay Shields, first offered to retail and then to institutional investors in 1991.[9]

In 2015, the acquisition of IndexIQ introduced liquid alternative investment exchange-traded funds to its product offerings.[9] In June 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.[10]

Together with sister New York Life subsidiary Candriam, New York Life Investments Alternatives acquired a one-third ownership stake in Kartesia Management in late 2020.[11] Candriam was identified as a subsidiary of New York Life Investments in December 2024, with.Kartesia, Apogem Capital and European real estate manager Tristan Capital Partners each noted as affiliated investment teams. That month, New York Life Investments partnered with Candriam to acquire a 40% minority stake in Andera Partners.[12] The company's assets under management were reported at over $750 billion in December 2024.[1]

References

  1. ^ a b The Desk New York Life Investments boosts European private markets business December 13, 2024
  2. ^ https://fortune.com/ranking/fortune500/2025/
  3. ^ "MacKay Shields Company History".
  4. ^ a b "MainStay Multi-boutique Investment Management".
  5. ^ "MainStay Acquires $750 Million in Epoch Mutual Funds". Archived from the original on September 24, 2015. Retrieved January 9, 2015.
  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". April 7, 2014.
  8. ^ "New York Life buys IndexIQ to expand liquid alts offering, add hedge fund ETFs". October 21, 2014.
  9. ^ a b "Our History | New York Life Investments". www.newyorklifeinvestments.com. Retrieved October 25, 2024.
  10. ^ "New York Life Investments Renames Funds". Retrieved March 31, 2025.
  11. ^ Bloomberg Candriam Buys Stake in $3 Billion Private Credit Firm Kartesia December 8, 2020
  12. ^ IPE Magazine Candriam enters European private equity market in strategic partnership December 12, 2024
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