BY: Gillian Spolarich
New York Life Investments today announced a name change for MainStay CBRE Global Infrastructure Megatrends Fund (the 'Fund') (NYSE: MEGI) to align with its evolving investment strategy. The Fund, which focuses on global infrastructure investments, will now be known as the New York Life Global Infrastructure Fund. This name change reflects the company's commitment to providing investors with opportunities in the rapidly growing infrastructure sector.
Fiera Capital has strengthened its reach in the US by forming a new strategic distribution collaboration with New York Life Investments. This collaboration aims to expand Fiera Capital's distribution capabilities and enhance its access to the US market. The partnership will provide Fiera Capital with increased visibility and allow them to tap into New York Life's extensive network of financial advisors.
Specialist multi-asset manager Candriam and its parent company New York Life Investments have expanded their partnership to grow their remit. The expanded partnership will focus on sustainable investing and ESG integration across a range of investment strategies. Candriam's expertise in ESG investing combined with New York Life's global reach will allow them to offer innovative and sustainable investment solutions to their clients.
New York Life has appointed an executive with extensive European Union experience to run its New York Life Investment Management unit. The appointment of this executive reflects New York Life's commitment to expanding its presence in the European market and strengthening its investment management capabilities. The executive's expertise in the European Union will be instrumental in navigating the complex regulatory landscape and driving growth in the region.
In a recent interview on CNBC's "Closing Bell," Lauren Goodwin, from New York Life Investments, discussed the collapse of Pac-West and regional banks. Goodwin provided insights on the potential implications of these collapses on the broader financial sector and the economy. Her analysis shed light on the challenges faced by regional banks and the impact on investors.
Lorne Smith, a former employee of New York Life Insurance Co., has joined a group of former colleagues who have launched their own investment firm. Smith's decision to leave New York Life after 17 years highlights the growing trend of experienced professionals seeking new opportunities outside of traditional financial institutions. This move signifies the increasing competition in the investment industry and the desire for more entrepreneurial ventures.
New York Life Investments has announced its plan to acquire full ownership of Dexia Asset Management, an international asset manager with approximately USD100bn in assets. This acquisition will further strengthen New York Life Investments' position as a global asset management company and expand its offerings to clients. The addition of Dexia Asset Management's expertise and resources will enhance New York Life's ability to deliver superior investment solutions.
Whether you're seeking affordable term coverage or looking to invest your money in a high-yield variable policy, New York Life has a range of options to suit your needs. The company's reputation for financial strength and stability makes it a trusted choice for individuals and businesses alike. With a focus on long-term growth and client satisfaction, New York Life Investments continues to be a leader in the insurance and investment industry.
