MacKay Shields was founded in 1938 as an economic consulting firm by Gilbert MacKay and became a registered investment adviser in 1969. We were acquired by the New York Life Insurance Company in 1984 as the foundation to its multi-boutique investment advisor model. The model which was designed to combine the benefits of nimble and independent investment boutiques with the strength of a financially strong partner has been key to MacKay’s success for more than 25 years.

Proprietary research has always been at the core of MacKay’s strategies with fundamental, macro and/or quantitative insights being used by the various teams. Over the years, MacKay Shields has emerged as a growing player in the investment management industry, and is well known for its research acumen.