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David is a Managing Director at MacKay Municipal Managers and Portfolio Manager of the MainStay MacKay municipal bond funds. His primary focus is on the investment-grade and intermediate segments of the municipal market.
David joined the firm in 2009 in his current role. Previously, he was Chief Investment Officer at Financial Guaranty Insurance Company. David was also a Senior Portfolio Manager at Alliance Capital Management and Municipal Strategist at Merrill Lynch & Co. He has worked in the financial services industry since 1989.
David earned a A.B. in Biology from Brown University and an M.B.A. from Columbia University.
Chris joined MacKay Municipal Managers in May 2011 and serves as Senior Client Portfolio Manager and Chief Marketing Officer. Prior to joining, Chris was Senior Director with TIAA-CREF Asset Management focusing on investment product business development through institutions within the academic, medical, and research community. From 1991 to 2006, Chris worked with Merrill Lynch, most recently as Head of National Accounts within the asset management division overseeing business development within the broker-dealer community.
Chris has a B.A. from Rutgers University, is a Certified Investment Management Analyst (CIMA®), and member of Investments & Wealth Institute.
This material contains the opinions of the MacKay Municipal Managers™ team of MacKay Shields LLC but not necessarily those of MacKay Shields LLC. The opinions expressed herein are subject to change without notice. This material is distributed for informational purposes only. Forecasts, estimates, and opinions contained herein should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Any forward-looking statements speak only as of the date they are made, and MacKay Shields assumes no duty and does not undertake to update forward-looking statements.
All investments are subject to market risk, including possible loss of principal. Diversification cannot assure a profit or protect against loss in a declining market. Municipal bond risks include the ability of the issuer to repay the obligation, the relative lack of information about certain issuers, and the possibility of future tax and legislative changes, which could affect the market for and value of municipal securities. Investing in below investment grade securities may carry a greater risk of nonpayment of interest or principal than higher-rated securities.
Please ask your clients to consider the investment objectives, risks, charges, and expenses of the investment company carefully before investing. The prospectus or summary prospectus contains this and other information about the fund and can be obtained by contacting you, the financial professional. Instruct your clients to read the prospectus or summary prospectus carefully before investing.
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“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. Securities are distributed by NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302, a wholly owned subsidiary of New York Life Insurance Company. NYLIFE Distributors LLC is a Member FINRA/SIPC.
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