NY Life takes stake in Private Advisors

Wed Dec 15, 2010

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...


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