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Rating:MainStay's Parent Buys a $100B Asset Manager Overseas Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, September 25, 2013

MainStay's Parent Buys a $100B Asset Manager Overseas

News summary by MFWire's editors

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. 

Edited by: Neil Anderson, Managing Editor


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