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New York Life Investment Management completes acquisition of six funds from Aquila Investment Management to enhance municipal fund offerings

New York Life Investment Management completes acquisition of six funds from Aquila Investment Management to enhance municipal fund offerings

07/22/24, 1:19 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgnew york
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgmadhya pradesh
Industry
finance
financial services
New York Life Investment Management has completed the adoption of six municipal fixed income mutual funds from Aquila Investment Management. Four of these funds will be reorganized into newly formed funds, subadvised by the MacKay Shields Municipal Managers team. The other two will merge into the MainStay MacKay Strategic Municipal Allocation Fund. This strategic acquisition expands NYLIM's suite of state-specific municipal funds, and broadens its overall municipal fund line-up, adding incremental scale to an already strong performing fund.

Company Info

Company
New York Life Investment Management
Location
New York, New York, United States
Company info
New York Life Investments is a diversified, global asset management firm with $750 billion in assets under management (AUM). It offers clients access to independent affiliated investment teams through its global affiliate network and is committed to broadening its alternative investment capabilities to serve the growing demand for private market assets among both institutional and individual investors.