More Than Investing. Invested. - New York Life Investments
More than investing.Invested.1
Why Invest withNew York Life Investments?New York Life Investments is afull-service global asset managerwith over 600 billion in AUM1, operating in four continents, workingwith their clients every day.New York Life Investmentsremains resilient and competitivethrough ever-changing marketenvironments.Over the last decade, the New York LifeInvestments team has nearly tripled itsassets under management (AUM)through a combination of successfulacquisitions, geographic expansion,and organic growth. 637bn of AUM1 as of December 31, 20202009-present ( bn)General AccountThird PartyNYL-Affiliated3 256bn2009 287bn2010 313bn2011 637bn 577bn 517bn 362bn2012 500bn 502bn 546bn 528bn 406bn20132014201542016520172018New York Life Investments is the 27th largestasset management firm in the U.S.220192020
Since its formation, New YorkLife Investments has stayedtrue to what’s made them thrive:Relationships.New York Life Investments offers clientsaccess to specialized, independentinvestment teams through a family ofaffiliated boutiques.New York Life Investments remainscommitted to their clients through acombination of the diverseperspectives of the multi-boutiquestructure and a long-lasting focuson sustainable relationships:Long-lasting focusDomain expertiseRelationship-drivenOur focus is establishinglong-lasting, sustainable clientrelationships and providinginvestment solutions forclients' goals through everyeconomic cycle.Our multi-boutiqueapproach offers diverse,independent thinking thattranslates to thoughtfulsolutions that seek todeliver client outcomes.Our "relationship" model isbased on a simple premise thatwhen you truly understandyour client, you can serve thembetter and more consistently.
Commitment toClients Over TimeThe importance of building relationships was passed down by New YorkLife Investment's parent company, New York Life Insurance Company.1845Nautilus Insurance Co. founded1852Sells first annuity markingentry into the pension market1923Company assetssurpass 1 billion1979New York LifeFoundation is created1984Purchase of blue-chip money managerMacKay Shields, heralding the entranceinto the business of independent, activemanagement of equity and fixed income1990Company AUM surpass 50 billion1994MainStay retail funds surpass 5 billion, and MainStay institutionalfunds approach 2 billion1849Renamed New York Life Insurance Co.1856Company assets surpass 1 million1968Company assets surpass 10 billion1980Introduction of our first Guaranteed InvestmentContract (GIC) marking a shift in focus to activeinvestment management rather than playing just alargely administrative role1986Founding of the MainStay fund family,sold by both our agency force andthird-party advisors to retail investors1991MainStay begins offering institutionalmutual funds making us the first insurancecompany to offer them1999Founding of GoldPoint Partners, apremier private equity manager
2000New York Life Investments ManagementLLC (NYLIM) is created to provide institutionaland retail clients with a diverse offering offixed-income, equity, and alternative productsand solutions under one roof2002New York Life becomes thelargest mutual life insurancecompany in America2010Acquisition of U.S.-based alternativeinvestment boutique, PA Capital,formerly known as Private Advisors2013NYLIM opens South Korea office2014Acquisition of Europe-based boutique,CANDRIAM (previously named Dexia AssetManagement), a pioneer in sustainable andresponsible investing. Ausbil, anAustralian-based investment manager,was also part of this acquisition.*2016NYLIM opens Japan office2018CANDRIAM announces strategicpartnership with Tristan CapitalPartners, a premier European realestate manager20202001Founding of Madison Capital Funding,a direct lender to private equity-backed,middle-market companies2010New York Life ized Loan Obligations (CLOs)Emerging Market DebtAlternative SolutionsPrivate EquityPrivate CreditInfrastructureReal EstateDirect EquityCo-InvestmentMezzanineReal AssetsEquityOpportunisticTaxable MunicipalDebtFund of vate PlacementCollateralized LoanObligations (CLOs)
The multi-boutiquestructure providesa diverse set ofinvestment optionsand strategies —each with its own unique,highly specialized investmentfocus, process, andphilosophy.IndexIQ is a pioneer andleading provider of exchangetraded funds (ETFs), grantinginvestors access to innovativesolutions designed to deliver6Boutique with expertisein active managementwith capabilities acrossAustralian equities andglobal small cap, naturalMulti-specialist assetmanager focused on fixedincome, equity, thematicinvesting, absolute returnstrategies, sustainablePrivate equityboutique focused onmiddle-market directequity co-investment,mezzanine and fundresources and listedinfrastructure.investments, and assetallocation, as well as tailoredsolutions and advancedliability-driven investing forpension funds and insurers.investments.European specialistprovider of private capitalsolutions for small andmid-sized companies.Boutique offering a range offixed-income strategiesincluding investment-gradeBoutique firm thatspecializes andmanages portfolioshigh yield, bank loans andmunicipals, as well asof directly-originatedsenior secured loansfundamental and systematicequities.of private equitybacked middle-marketcompanies.a smarter approach totraditional investing.7Deeply experienced manager offixed income and real estate assets.They offer a broad range ofinvestment and financing solutionsacross public and private markets,and their parent company, NewAlternative boutique with lowermiddle-market private equityco-investment, fund investmentand secondaries, along with realassets and select emergingmanager hedged strategies.Real Estate focused boutiquespecializing in core plus andvalue-added equity real estateinvestments across propertytypes throughout Europe.York Life Insurance Company, hasentrusted them to manage thevast majority of their GeneralAccount assets.The products and services of New York Life Investments' affiliated boutiques are not available to all clients and in all jurisdictions or regions.
Tristan Capital Partners 14.5bnMacKay Shields 153.7bn8Externally Managed 28.4bnKartesiaGoldPoint 2.5bn 14.6bn10Assets undermanagementby boutique ( bn)as of December 31,2020Candriam 145.9bn9Ausbil 10.4bn13PA Capital 5.8bnIndexIQ 4.2bnMadisonCapital FundingNYL Investors 272.1bn 3.6bn11This structure enables New York Life Investments to matcheach client with the boutique that best suits their particularneeds, with a focus on five key investment goals12:Seeking long-term growth througha diversified mix of equity strategiesacross market capitalizationsand regionsAdding another layer ofdiversification to portfoliosthrough tax-aware solutionsSeeking tobuild a durableand dependableincome streamDelivering solutions to helpmanage both equity andinterest rate volatilityLooking beyond equity strategies tobe well positioned in an environmentwhere inflation is expected to rise
The Team: Trusted Adviceand Robust Expertise“My goal for our company is to enable clients to achieve their f inancial aspirations.Grounded with a well-developed strategy, my energy and focus go into inspiring ourtalented team of people around the world to turn that vision into a reality.”Yie-Hsin Hung – Chief Executive Officer,New York Life Investment ManagementNew York LifeInvestmentsis a global companythat operates likethe investmentmanager next AParisGenevaTheir independent investmentboutiques and team of advisors aredispersed across the globe to offerclients diverse investment ndLosAngelesAustinGreaterNew yThe company has a seasoned team of investment professionals dedicated to research,trading, risk management and portfolio management around the world.
At New York Life Investments, we don't just offer investment advice, weinvest in lasting relationships with our clients. We're a global asset managerwith a focus on long-term thinking and a diverse multi-boutique structurethat you access through MainStay Funds and IndexIQ ETFs. We strive toprovide investment solutions that help you deliver meaningful outcomes forthe clients you serve, and we work hard to deliver value beyond just investmentperformance. When you truly understand your client, you can serve thembetter — that's what makes us different. More than investing. Invested.1010
All data is from New York Life Investments unless otherwise stated.Ausbil is owned by its employees and New York Life Investment Management (NYLIM), a wholly owned subsidiary of New York Life Insurance Company.Candriam is an affiliate of New York Life Insurance Company. Not all of Candriam's products can be offered in the U.S.GoldPoint Partners LLC is a wholly owned subsidiary of New York Life Investment Management Holdings LLC, which in turn is a wholly owned subsidiary ofNew York Life Insurance Company.MacKay Shields LLC is an affiliate of New York Life Insurance Company.Madison Capital Funding LLC is a subsidiary of New York Life Insurance Company. 2019 Madison Capital Funding LLC. All rights reserved.NYL Investors LLC, is a wholly owned subsidiary of New York Life Insurance Company.PA Capital, an affiliate of New York Life Investment Management Holdings LLC.Tristan Capital Partners is an affiliate of New York Life Investment Management LLC."New York Life Investments" is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.1. As of December 31,2020. Assets under management includes the assets of the investment advisors affiliated with New York Life Insurance Company. AUM beginning in 2012 excludesAssets under Administration. AUM is reported in USD. AUM that are not denominated in USD are converted using spot rates as of the reporting date.2. New York Life Investments was ranked 27th among the world's largest money managers within Pensions & Investments, May 2021. Rankings are based on total worldwide institutionalassets under management for the year-end 2020.3. NYL Affiliated Assets includes NYL Pension Plans, NYL Separate Accounts, Variable Products, and NYL Other Affiliated Accounts.4. February 3, 2014, New York Life Investment Management Holdings LLC completed the acquisition of Candriam (formerly Dexia Asset Management) and its investment boutique Ausbiladding 100 billion in assets under management.5. Effective April 14, 2015, New York Life Investment Management Holdings LLC completed the sale of New York Life Retirement Plan Services (RPS), excluding the stable value business, toManulife. Retained assets include Stable Value Products, MainStay Funds, and Pension Plan Accounts.6. Candriam is registered in the U.S. with the Securities Exchange Commission, but not all of their products are available in the U.S.7. Fixed Income Investors, Real Estate Investors, and Private Capital Investors are all investment groups within NYL Investors LLC. NYL Investors AUM: book value - 250.2 billion, marketvalue - 19.1 billion, cost unfunded commitments - 1.8 billion, notional - 1.0 billion.8. In January 2019, New York Life Investment Management Holdings LLC transferred its 60% ownership of Credit Value Partners to MacKay Shields.9. In USD based on December 31,2020 spot rate (AUM that are not denominated in USD are converted using spot rates as of the reporting date).10. As of September 30, 2020.11. AUM represents 3.5 billion of assets that are managed by Madison Capital Funding on behalf of third parties. Madison Capital Funding’s balance sheet assets amounted to 8.0 billion (inclusiveof 0.03 billion of mezzanine investments and 0.06 billion of loan commitments managed by MCF for its own account). Total Assets including commitments was 11.76 billion as of 12/31/2020.12. New York Life Investments does not provide legal, accounting or tax advice. You should obtain advice specific to your circumstances from your own legal, accounting and tax advisors.13. In USD based on December 31,2020 spot rate (AUD/USD 0.716); excludes assets distributed by Ausbil but managed by other affiliates (e.g. Global ESG Equities distributed byAusbil and managed by Candriam).The strategies discussed are strictly for illustrative and educational purposes and are not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investmentstrategy. There is no guarantee that any strategies discussed will be effective. This material contains general information only and does not take into account an individual's financial or taxcircumstances. This information should not be relied upon as a primary basis for an investment decision. Rather, an assessment should be made as to whether the information is appropriatein individual circumstances and consideration should be given to talking to a financial advisor before making an investment decision.Consider the Funds’ investment objectives, risks, charges and expenses carefully before investing. The prospectus, or summary prospectus, and the statement ofadditional information include this and other relevant information about the Funds and are available by visiting nylinvestments.com or by calling 800-624-6782 forMainStay Funds or (888) 474-7725 for IndexIQ ETFs. Read the prospectus carefully before investing.The products of New York Life Investments’ boutiques are not available to all clients and in all jurisdictions where providing such would be contrary to local laws orregulations. The MainStay Funds are managed by New York Life Investment Management LLC and distributed through NYLIFE Distributors LLC, a wholly ownedsubsidiary of New York Life Insurance Company. IndexIQ is an indirect wholly owned subsidiary of New York Life Investment Management Holdings LLC and serves asthe advisor to the IndexIQ ETFs. ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs. NYLIFE Distributors LLC is a distributor of the ETFs. NYLIFEDistributors LLC is located at 30 Hudson Street, Jersey City, NJ 07302. ALPS Distributors, Inc. is not affiliated with NYLIFE Distributors LLC. NYLIFE Distributors LLC isa Member FINRA/SIPC.More than 19NY043-21NY92a-05/21
PA Capital, an af liate of New York Life Investment Management Holdings LLC. Tristan Capital Partners is an af liate of New York Life Investment Management LLC. "New York Life Investments" is both a service mark, and the common trade name, of certain investment advisors af liated with New York Li
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