Epoch Inks Strategic Relationship With New York Life Investments
To continue to be responsible for the day-to-day investment management of the funds through a sub-advisory relationship
Epoch Investment Partners, a wholly owned subsidiary of Epoch Holding Corporation, has entered into a strategic relationship with New York Life Investments, whereby the MainStay Group of funds will adopt Epoch’s current family of mutual funds.
MainStay will become the primary distributor for Epoch’s separately managed account (SMA) business. Upon adoption, the Epoch Funds, which are currently available on many mutual fund platforms, will be available through these same platforms under the new brand.
The company claimed that the proposed transaction has been approved by the board of directors of the Epoch Funds. It will continue to be responsible for the day-to-day investment management of the funds through a sub-advisory relationship, while MainStay Investments, the retail distribution arm of New York Life Investments, will be responsible for the distribution and administration of the funds.
William W. Priest, Chief Executive Officer of Epoch, said: “New York Life Investments firm will further extend the distribution of our investment capabilities to a broader investment audience, specifically the retail and retirement markets. The scale that New York Life Investments provides will help ensure that our fund shareholders will continue to be well served.”
The deal is subject to the Epoch Funds’ shareholder approval.
New Yor-based Epoch Investment Partners is an investment manager and investment adviser.
New York Life Investments is a service mark used by New York Life Investment Management Holdings and its subsidiary, New York Life Investment Management.
Related Insight
Suppliers Directory
Wealth & Assets Management Asset Management Hedge Funds Private Equity Mutual Funds
Intermediaries Prime Brokerages Custody & Clearing ECN & Exchanges
Technology Banking Technology Security Tech Outsourcing & BPO
Policies & Regulatory Compliance Risk Management
Intelligence
Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125
Comments may be moderated for spam, obscenities or defamation.