NYLIMNew York Life Investment Management LLC
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He will report to Kirk Lehneis, chief operating officer of NYLIM.
Naim Abou-Jaoude, CEO Candriam Investors Group and Chairman New York Life Investment Management International, commented, "Thanks to our new shareholder NYLIM, the continuous trust of our clients and a regained business momentum, Candriam was able to report on a record growth in AUM of around 40 per cent since February 2014.
Hung started at New York Life in 2010 and was promoted to NYLIM co-president in 2014.
Hung was previously co-president of NYLIM. She replaces Drew Lawton, who has decided to retire at the end of this year.
IndexIQ is now fully integrated into NYLIM's family of investment boutiques as a complement to NYLIM's current capabilities in fixed income, equities and alternative investments.
NYLIM boasts about $250 billion of total assets under management, of which $140 billion derives from the parent company, Talgo explains.
--The capabilities of NYLIM as investment manager and MacKay Shields as sub-advisor.
New York Life Investment Management (NYLIM), the third-party global asset management business of New York Life, has announced that it will enter the ETF industry with the acquisition of IndexIQ.
4 December 2014 - US-based insurer New York Life's New York Life Investment Management (NYLIM) third party global asset management business said it is making its first entry into the ETF industry with the signing of a definitive agreement to acquire liquid alternative exchange-traded fund player IndexIQ.
"These properties will further diversify our real estate mortgage portfolio with respect to both property type and geographic location," said Richard Walsh, managing director of NYLIM real estate group.
New York Life Investment Management (NYLIM) is a leading global asset management firm with a growing global footprint and approximately USD285bn in assets under management as of March 31, 2016.