Our commitment to performance with purpose.


Since 1938, MacKay Shields has partnered with clients to help meet their investment goals through high quality products and exceptional service. We serve a prominent group of pension funds, government and financial institutions, family offices, high net worth individuals, endowments, and foundations from across the globe.

Boutique Approach

Boutique investment teams utilize their own philosophy, processes, and experience to add value across capital markets.

Strategies

Strategies

High Touch Service

We offer our clients direct access to our investment teams. We’re well aware that our people are the best investment of all.

Our Investment Teams

Our Investment Teams

Responsibility In Action

We provide purposeful opportunities for our employees and promote the well-being of the environment and communities in which we work and live.

Responsibility

Responsibility

Equitable for All—Visualizing Our Differences

Equitable for All—Visualizing Our Differences

At MacKay Shields we commit to the equitable treatment of all. To demonstrate this, MacKay worked with artist and photographer Maya Barkai to create this piece, which is meant to embody our diversity, equity and inclusion (left image). The piece of art (right) is created by MacKay's own Alina Sysak and represents the unique and diverse makeup of our firm. 

Learn More
Insights Macro Text

Only Hawks Go to Central Bank Heaven

Many investors expect the next contraction to be brief and shallow, followed by a robust recovery, because they assume the Fed will quickly pivot to lower rates, aggressive use of forward guidance and quantitative easing. But if the recession occurs with inflation still high, the Fed won’t be able to use these tools to the full extent. As a result, the downturn may be brief, but the recovery will likely be sluggish.

Learn More
Only Hawks Go to Central Bank Heaven
Emerging Market Debt

After the First Quarter Shock: Investing in Emerging Market Debt

Most financial markets sold off sharply in 2022’s first quarter in response to the war in Ukraine, rising inflation and expected interest-rate hikes. The S&P 500 delivered a -4.6% total return for the quarter, and the Bloomberg Aggregate U.S. Bond Index a -6.0% total return, due mostly to rising Treasury yields. Emerging markets debt did even worse in the broad-based flight from risk.

Learn More

Low Delta Convertible Opportunities

Seeking to reduce interest rate and inflation risk? We see opportunities in the low delta part of the convertibles space. Learn why now low delta opportunities make a good entry point.​

FEATURED INSIGHTS

5 MIN READ
May 16, 2022
Thoughts on Equity Market Sell-off
After two years of strong returns, equity markets have faced a challenging start to 2022.
6 MIN READ
May 15, 2022
Rapid Transition to Electric Vehicles Will Upend Global Auto Industry
The global auto industry is on the cusp of a transformation.
8 MIN PODCAST
May 13, 2022
The Muni 360 Podcast - Weekly Wrap Up 5/13/2022
Listen for your weekly update on the volatility we’re seeing in the muni market, and join Sunny Gill for a discussion on recent municipal valuations.
5 MIN READ
May 8, 2022
After the First Quarter Shock: Investing in Emerging Market Debt
Most financial markets sold off sharply in 2022’s first quarter in response to the war in Ukraine, rising inflation and expected interest-rate hikes.
6 MIN PODCAST
May 6, 2022
The Muni 360 Podcast - Weekly Wrap Up 5/6/2022
Listen for your weekly update on the volatility we’re seeing in the muni market, an update on issuance and an update on index returns.
6 MIN PODCAST
May 6, 2022
Post FOMC Roundup - Clarity from the Fed…For Now
In this Post-FOMC Roundup, we discuss the Fed’s forward guidance for the next few months and what it could mean for financial markets. Listen for more insights.
18 MIN VIDEO
APRIL 1, 2022
Panel Q&A with MacKay Analysts
The economic impact of the unfolding crisis in Ukraine is likely to be stagflationary for advanced economies, including the United States. Watch the panel discussion of our analysts.
8 MIN READ
March 7, 2022
Dislocations in the Taxable Municipal Market Today
Given the backdrop of both geopolitical tensions and changing monetary policies at a global level, we have seen elevated volatility in both the fixed income and equity markets since the beginning of the year.
6 MIN READ
May 16, 2022
Convertibles: Why Now?
At 2% of the US investment-grade market and 15% of the US high yield market, US convertibles are often overlooked by investors.