New York Life Investments has signed an agreement to acquire
a majority stake in Private Advisors, an alternative investment
firm based in Richmond, Virginia.
With $3.9 billion in assets under management, Private
Advisors has a 13-plus year track record across a range of fund
of funds, including the firm's flagship low volatility
multi-strategy fund, which launched in 1998. The firm won the
event driven and distressed category of the 2006 InvestHedge
Awards for its Private Advisors Distressed...