Bringing you live news and features since 2006 

MacKay Shields to acquire assets of Mariner Municipal Managers

RELATED TOPICS​

MacKay Shields, a wholly-owned subsidiary of New York Life Investments, has signed a definitive agreement to acquire the assets of Mariner Municipal Managers of Princeton, New Jersey.

MacKay Shields, a wholly-owned subsidiary of New York Life Investments, has signed a definitive agreement to acquire the assets of Mariner Municipal Managers of Princeton, New Jersey.

Upon the deal’s closing, all employees of Mariner Municipal will join MacKay, forming a new municipal bond asset management division that will be led by Mariner Municipal principals John Loffredo and Robert DiMella. Both will report directly to Osbert Hood, chairman and chief executive of MacKay Shields.

"Both John and I are looking forward to joining MacKay Shields and its enduring legacy of meeting the needs of institutional and retail investors. And we are very pleased because we are bringing our entire team and its continuity of investment process in launching this new venture within MacKay," says DiMella.

DiMella and Loffredo founded Mariner Municipal Managers in 2007 upon leaving BlackRock, where they served as co-heads of BlackRock’s Municipal Portfolio Management Group, with assets under management in excess of USD100bn.

"We are extremely pleased to welcome John, Bob and the entire Mariner Municipal team to MacKay. They have an outstanding reputation in the municipal bond community and a track record of building a successful municipal asset management business at a major investment firm. We see the acquisition as a significant opportunity to add capabilities to complement our existing fixed income business," says Osbert Hood, chairman and chief executive of MacKay Shields.

Latest News

Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..
First Trust has announced the launch of the First Trust Vest U.S. Equity Moderate Buffer UCITS ETF – February GFEB..

Related Articles

Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Thomas Bonville, Clear Street
Just over a year ago, Thomas Bonville joined New York-based, prime brokerage Clear Street as managing director, head of derivative...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by