Thu, Apr 25, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

NYLIM taps Kirk Lehneis for MainStay Funds

Thursday, September 28, 2017
Opalesque Industry Update - New York Life Investment Management (NYLIM), the global asset management business of New York Life, announces the appointment of Kirk Lehneis as president of its MainStay Funds. Mr. Lehneis assumes this responsibility, in addition to serving as chief operating officer of NYLIM.

Yie-Hsin Hung, chief executive officer of NYLIM, said, "We are delighted that Kirk will be taking on the role of president of the MainStay funds as we continue to strengthen our mutual fund product offering. Over his career, Kirk has proven to be an able steward for our investing shareholders and has made significant contributions to the company's success. We look forward to his leadership in developing and expanding MainStay's lineup of mutual funds."

On his appointment, Mr. Lehneis added, "It's a privilege to take on leadership of the MainStay fund family during a time of great change in our industry. Backed by our network of independent asset managers and the financial strength of our mutual insurance company parent, I'm confident in our ability to serve the needs of our distribution partners and investors, and deliver innovative investment solutions that deliver long-term value."

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1