Jae is the Chief Investment Officer of New York Life Investment Management, LLC (NYLIM). He serves as the Chairman of the Investment Governance Committee, responsible for the oversight of the investment performance of the strategies managed by NYLIM’s boutiques and affiliate portfolio teams. He also leads the Multi-Asset Solutions (MAS) team, which manages third-party multi asset strategies and economic analysis for New York Life.
Jae joined the firm in 2005, managing the investment risk and strategy efforts at NYLIM’s investment affiliate MacKay Shields. Previously, he was Head of Quantitative Research, Analytics and Risk Management at Western Asset Management and Head of Risk and Performance for the Pacific and European Regions at Merrill Lynch Investment Managers in Tokyo and London, respectively. He also worked at JP Morgan Securities in Asia as regional head of Risk Management Control for Fixed Income and Equity Derivative Trading. He has worked in the financial services industry since 1991.
He earned a B.S. in Electrical Engineering and a M.S. in Operations Research at Cornell University.
Irving Kahn Brothers Group Lifetime Achievement Award 2016 Award by CFA NY
Chartered Financial Analyst
FINRA Series 3 and 7
GoldPoint Partners LLC Board Member
Madison Capital Funding LLC Board Member
AUSBIL Investment Management Board Member
Investor Advisory Board for Managed Fund Association
Former CFANY Board Member
Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to market volatility, current performance may be less or higher than the figures shown. Investment return and principal value will fluctuate so that upon redemption, shares may be worth more or less than their original cost. Performance figures for all Funds reflect contractual waivers and/or expense limitations, without which total returns may have been lower. These limitations may be modified or terminated only with Board approval.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance (this does not include the effects of sales charges, loads, and redemption fees). The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Click on the product name for the most recent overall risk-adjusted Morningstar ratings shown above, including ratings by share class and time period and the number of funds in each category. The Fund page also includes the prospectus, investment objectives, performance, risk and other important information.