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.
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI 
NY Lawmakers Agree to Governor’s Auto Insurance Reforms in New Budget 
Texans Hate Data Centers So Much They Are Asking Jesus for Help 
