New York Life Makes 130/30 Offerings

Apr 26 2007 | 10:41am ET

The Equity Investors Group of New York Life Investment Management has launched three 130/30 strategies designed for institutional investors. The U.S. Growth and EAFE strategies were unveiled this month, and join the U.S. Core strategy, which was launched earlier this year, on the firm’s roster of 130/30 offerings.

“Because of the growing challenge to meet required returns with long-only products, 130/30 strategies have emerged as a viable solution for institutional investors seeking to benefit from exposure to short equity positions in a measured, risk-controlled manner,” said Tony Elavia, senior managing director and chief investment officer, NYLIM Equity Investors Group.

“We believe that with our category diversity, the experience of our portfolio managers and our disciplined, quantitative approach, NYLIM is well positioned to assist Institutions in meeting their investment objectives with these new strategies.”

New York Life and its affiliates provide investment management and related services to individual, corporate, public, and Taft-Hartley investors. The firm is currently managing over $237 billion in assets.

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