New York Life Insurance Co. expanded its family of MainStay Funds with seven new funds, three of which are managed by subadvisers. The MainStay Blue Chip Growth Fund is managed by Gabelli Asset Management Co. The MainStay Research Value Fund is managed by John A. Levin & Co. Inc. The MainStay Small Cap Value Fund is managed by Dalton, Greiner, Hartman, Maher & Co.
The MainStay Small Cap Growth Equity Income and Global High Yield Bond Funds are managed by MacKay-Shields Financial Corp., a subsidiary of New York Life. The MainStay Growth Opportunities Fund is managed by another subsidiary, Madison Square Advisors Inc.