We’ve experienced a lot over time. But one constant remains: our commitment to clients.

New York Life Investments is comprised of the affiliated global asset management businesses of our parent company, New York Life Insurance Company (New York Life). One of the largest and oldest mutual life insurance companies in the United States, New York Life has the highest credit ratings for financial strength currently awarded to any life insurer by the four major ratings agencies (including a AAA rating¹), and has consistently paid annual dividends to our policyholders since 18542

  • 1845

    Nautilus Insurance Co. founded.

  • 1849

    New York Life renamed New York Life Insurance Co.

  • 1856

    Company assets surpass $1 million.

  • 1923

    Company assets surpass $1 billion.

  • 1952

    Sells first annuity marking entry into the pension market.

  • 1968

    Company assets surpass $10 billion.

  • 1980

    Introduction of our first Guaranteed Investment Contract (GIC) marking a shift in focus to active investment management rather than playing a largely administrative role.

  • 1984

    Purchase of blue-chip money manager MacKay Shields heralding our entrance into the business of independent active management of equity and fixed income.

  • 1986

    Founding of the MainStay fund family, sold by both our agency force and third-party advisors to retail investors.

  • 1990

    Company assets surpass $50 billion.

  • 1991

    MainStay begins offering institutional mutual funds making us the first insurance company to offer them.

  • 1994

    MainStay retail funds surpass $5 billion, and MainStay institutional funds approach $2 billion.

  • 1999

    Founding of GoldPoint Partners, a premier private equity manager.

  • 2000

    New York Life Investment Management LLC (NYLIM) is created to provide institutional and retail clients with a diverse offering of fixed-income, equity and alternative products and solutions under one roof.

  • 2001

    Founding of Madison Capital Funding, a direct lender to private equity-backed middle-market companies.

  • 2002

    New York Life becomes the largest mutual life insurance company in America.

  • 2010

    New York Life initiates a strategic focus on growing its investments business to help offset low interest rates—the company has $287 billion in assets under management.

  • 2010

    Acquisition of U.S.-based alternative investment boutique, PA Capital, formerly known as Private Advisors.

  • 2013

    NYLIM opens South Korea office.

  • 2014

    Company assets under management surpass $540 billion.

  • 2014

    Acquisition of Europe-based boutique, CANDRIAM (previously named Dexia Asset Management), a pioneer in sustainable and responsible investing. Ausbil, an Australian-based investment manager, was also part of this acquisition.

  • 2015

    Acquisition of IndexIQ, a leading provider of institutional and liquid alternatives exchange traded funds (ETFs).

  • 2016

    NYLIM opens Japan office.

  • 2017

    Company assets under management surpass $555 billion.

  • 2018

    CANDRIAM announces strategic partnership with Tristan Capital Partners, a premier European real estate manager.

  • 2019

    MainStay Funds is named in Barron's annual ranking of active mutual fund managers, "Best Fund Families of 2018." ³

  • 2020

    New York Life celebrates its 175th Anniversary.

1. Source: Individual independent rating agency commentary as of 10/15/2020: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+). Dividends are not guaranteed. The financial strength of New York Life Insurance Company applies only to its insurance products and not to investment products, which are subject to market risk and fluctuation in value. 

2. Founded in October 2013, as a result of a corporate restructuring, NYL Investors LLC carries on certain of the investment advisory activities previously conducted by (NYLIM). Prior to the formation of NYL Investors, its investment divisions operated as part of NYLIM, which is an indirect wholly-owned subsidiary of New York Life Insurance Company.

3. Source: Barron’s, 3/8/19. Overall, MainStay Funds ranked number 2 for the one-year period, 21 for the five-year period, and 31 for the 10-year period ended December 31, 2018, out of 57 fund families. Past performance is no guarantee of future results, which will vary.