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Wednesday, September 25, 2013 MainStay's Parent Buys a $100B Asset Manager Overseas New York Life Investments, parent of MainStay Funds [profile], revealed a deal yesterday to buy Dexia Asset Management (which operates in Brussels, Luxembourg, Paris and Sydney) for 380 million euros. Dexia's AUM is about $100 billion and it covers 25 countries with its products. The deal is slated to close at year's end. Printed from: MFWire.com/story.asp?s=46194 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |