Nautilus Insurance Co. founded.
New York Life renamed New York Life Insurance Co.
Company assets surpass $1 million.
Company assets surpass $1 billion.
Sells first annuity marking entry into the pension market.
Company assets surpass $10 billion.
Introduction of our first Guaranteed Investment Contract (GIC) marking a shift in focus to active investment management rather than playing a largely administrative role.
Purchase of blue-chip money manager MacKay Shields heralding our entrance into the business of independent active management of equity and fixed income.
Founding of the MainStay fund family, sold by both our agency force and third-party advisors to retail investors.
Company assets surpass $50 billion.
MainStay begins offering institutional mutual funds making us the first insurance company to offer them.
MainStay retail funds surpass $5 billion, and MainStay institutional funds approach $2 billion.
Founding of GoldPoint Partners, a premier private equity manager.
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.
Founding of Madison Capital Funding, a direct lender to private equity-backed middle-market companies.
New York Life becomes the largest mutual life insurance company in America.
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.
Acquisition of U.S.-based alternative investment boutique, PA Capital, formerly known as Private Advisors.
NYLIM opens South Korea office.
Company assets under management surpass $540 billion.
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.
Acquisition of IndexIQ, a leading provider of institutional and liquid alternatives exchange traded funds (ETFs).
NYLIM opens Japan office.
Company assets under management surpass $555 billion.
CANDRIAM announces strategic partnership with Tristan Capital Partners, a premier European real estate manager.
MainStay Funds is named in Barron's annual ranking of active mutual fund managers, "Best Fund Families of 2018." ³
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.