Epoch Inks Strategic Relationship With New York Life Investments

Published: 09-Jul-2009

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.

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