MacKay Shields offers a variety of fixed income investment strategies, including convertibles, emerging market debt, global fixed income, high yield, and municipal bonds. The firm provides discretionary and non-discretionary investment management services primarily to institutions, pension plans, insurance companies, and high-net-worth individuals through separately managed accounts, wrap fee programs, and collective investment vehicles. Operating as a subsidiary of New York Life Insurance Company, MacKay Shields utilizes independent investment teams that combine top-down macroeconomic analysis with bottom-up fundamental research to construct portfolios and manage risk.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.50% |
Asset-based fees generally range from 0.030% to 1.50% annually, depending on the strategy and vehicle involved. Fees are negotiated on a case-by-case basis.