New York Life Investment Management Holdings, a wholly owned subsidiary of New York Life Insurance Co., has signed a definitive agreement to acquire the assets of Towneley Capital Management relating to the investment management of the Eclipse mutual funds and of separate accounts, with aggregate assets under management of approximately $600 million.
The acquisition is subject to regulatory and shareholder approval.
Topics Mergers & Acquisitions New York
Was this article valuable?
Here are more articles you may enjoy.
What Analysts Are Saying About the 2026 P/C Insurance Market 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
